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Srchn41

09/07/13 9:22 AM

#21608 RE: TheSkunk #21606

I'm sure the company is just doing what they can to bolster the share price. Releasing anything perceived as negative would not help reverse the PPS slide. You have to remember that for every day we stay below a PPS of around 0.016 , Hanover gets more shares.

See here:


LOWEST DATE MEAN VWAP (O+H+L+C)/4 RUNNING VWAP
1 11-Jun 0.0122
2 12-Jun 0.0130
3 4-Sep 0.0135 0.0135 0.0134 0.0133
4 10-Jun 0.0135
5 30-Aug 0.0143 0.0140 0.0138 0.0144
6 3-Sep 0.0146 0.0144 0.0146 0.0142
7 5-Sep 0.0140 0.0141 0.0146 0.0139
8 7-Jun 0.0148
9 29-Aug 0.0153 0.0151 0.0160 0.0152
10 20-Aug 0.0154 0.0153 0.0161 0.0158





It still makes me wonder why we had to wait for the court document to be posted in order to find out how many shares were given in the Facility Equity Agreement.




As far as releasing the escrow, that means the balance in escrow (about 145K) is given back to the control of the "investor". Should the court decide Ironridge is due more then I think it is a safe bet at this point that the "investor" will deliver. In for a penny in for a pound as they say.
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click5

09/07/13 10:51 AM

#21614 RE: TheSkunk #21606

They will never have 51% because of the preferred shares built into the company structure that carry super share value of like 3000 to one voting rights or something like that. They are there to prevent that sort of thing from happening.