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Expect more dilution before Mar 31 ...
posted on
Feb 07, 2008 05:49AM
I fear the sp won't get any support until March 31 the day after it will issue restrictive shares to WUHU for its $2,000,000 investment.
The amount of shares needed to support such price would equate to roughly 20,000,000 new shares at current price level which means a dilution of around 30 %.
This could in theory depress the SP more from current levels to about $ 0.07 to 0.08 /share unless we get some good news before Mar 31.
