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Message: So perhaps now we know .....

So perhaps now we know .....

posted on Jan 23, 2007 09:25AM

why there has been no shareholder meeting.  My guess is a plan was ultimately 'formulated' to continue the warrant conversion and related selling which was known would have a downward effect on share price, but was recognized as necessary now to get the final piece of this overhang out of the way.  With some decent settlement money coming in there could be some support given with share re-purchases, but the notion to once-and-for-all put this stuff behind them (no matter the short-term pain) may have prevailed.  And thus, why have a meeting amidst it all if a 'stoning' might take place. 

So, I think we are in that final period that is indeed painful, but likely short-lived.  No sense in spending money on a P/R campaign that will only be immediately and effectively dampened by the conversion/selling.  May as well wait until there are fewer, or no, obstacles to get in the way of any good news that is probably right around the corner.  Thus, despite the pleas of some, there is probably little that is going to said by Pohl et.al. until the flush out is completed.

Hopefully that point is relatively close.  Hang in there.  Best

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