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FL

03/02/05 2:41 AM

#970 RE: FL #969

Today's market noticed Cassidy's latest dilution.

After the placement of 3,100,000 Cassidy (CDY.V) shares and warrants for 1,500,000 more, the stock declined 23.5 percent today (from C$0.89 to C$0.68) mostly while I was composing the previous message; later in the afternoon it recovered to C$0.75 or a 12.79 percent decline for the day. (On somewhat declining volume.)

These dilutions seem not to escape unnoticed...before and after the announcements.

The advance run-up, and run-down, form an interesting pattern.

FL