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EdF

03/31/11 2:20 PM

#34954 RE: hawk2421 #34949

As long as they can keep finding share buyers to make their $10K a week share dump, I believe they'll sit tight. But I really don't see them being able to sustain buyers for long. I fully expect a RS in the near term and there will be a new 504 offering in the next couple weeks. As I said before, just like clockwork.
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Dubb10

03/31/11 9:50 PM

#35015 RE: hawk2421 #34949

Actually it doesn't.

Someone can try to ask JC, but whether or not JC wants to do a R/S may not matter. If a lot of dilution occurs with a stock, the DTCC may exercise its right to put a "chill" order on the stock. The company won't be able to issue as many shares as needed. This happened with another stock I am following. They had an O/S of 11B when the chill was placed. They ended up doing a R/S in order to continue dilution.