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SGGHays

05/08/11 7:10 PM

#43737 RE: Arnie1 #43736

Sounds good, not sure if I'll make the session on Wed but it would be great if someone could ask the typical timeline for OTCBB all the way up to Nasdaq.
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GeorgeTheStub

05/09/11 8:11 AM

#43742 RE: Arnie1 #43736

August 31 is the only target date that has any immediate bearing imo - the company is hoping to complete the payoff to YA Global by August 31. In the meantime, longs here are just going to have to wait out the dilution - Arne specifically stated that the payoff agreement would result in the "lowest possible dilution" - which means in plain English the company is currently diluting. Hopefully the payoff will proceed as planned and the dilution tap will be turned off at that point, but thre is no guarantee. IMO the pr blitz was orchestrated to help fund current operations with dilution until these new contracts can produce revenues. Financials will give us a much better picture. GLTA