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Ole Broke Azz

03/01/11 3:56 PM

#6616 RE: Mikey #6613

you are absolutely right on with that train of thought. I think what we are seeing here is some weak kneed traders that are easily paniced.

I am sticking this one out
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tiger18

03/01/11 3:58 PM

#6617 RE: Mikey #6613

THe 500 million increase in outstanding shares and in the float were for the purchase of outstanding debt that was converted to common shares. the common shares were not restricted for debt which was over a year old.But the group that bought debt is same that was and continues to makes investments into the company for 144 stock.If they dumped stock it would hurt their long term position.why would they do that.It would kill their investment group.This company has put hundreds of thousands of dollars into company.
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samsamsamiam

03/01/11 4:01 PM

#6621 RE: Mikey #6613

"provided they were all issued to the same entity"

and if they were - we should see a form 3.

"Forms 3, 4,

Corporate insiders-meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934-must file with the SEC a statement of ownership regarding those securities. On August 27, 2002, the SEC adopted new rules and amendments to Section 16 of the Exchange Act, implementing the provisions of the Sarbanes-Oxley Act of 2002 that accelerated the deadline for filing most insider ownership reports.

The initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.

Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule."





"i am pretty sure i am right on this!"

From your past little chats with the CEO - I am sure you are more than pretty sure.