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futrcash

11/05/10 10:52 AM

#471 RE: JB3729 #470

That's exactly whats happening-

I imagine PP participants are selling some of their shares to participate.

What ticks me off is that Tom isn't helping support the sp during this time by releasing tidbits of encouraging company progress.

futr

maybe_this_time

11/05/10 11:07 AM

#472 RE: JB3729 #470

Looks like the chart is pretty oversold here. And holding the 200 day. But if you throw out that pop in mid October, I see a bearish triangle here. Seems like we're in a little bit of quiet period while we wait for China to come online. This dillution is a little dissapointing. Even if it were done at PPS of $1, that's 7 million new shares with the 15% discount. Plus another 3.5 million shares to add to the warrents. That gives us an updated share structure of:

31.5 million shares out
13.5 million warrents
1 million options or

46 million shares fully dilluted

This can get worse if the share price doesn't hold. Sorry, think I'll bail for the time being. GLTA. Will be watching though.

MTT

nsomniyak

11/05/10 2:24 PM

#474 RE: JB3729 #470

Any sense of when this PP would occur or close? Your post says "...string demand for the new shares..." which implies this is happening now.