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Hockmir

07/29/12 8:41 PM

#196 RE: notaclueyet #195

I believe the mid-June selloff was a response to the financing deal that USAC made. It involved the issuance of almost 1 million new shares at $3 per share and warrants for nearly half a million more at $4.50 per share in return for about $3 million in cash.

Most times, folks really don't like to see dilution like that.