trading halt and public offering, page-55

Philex

If someone came knocking I feel there wouldn't be the discount on the current price.

The company goes out trying to find out what the instits will pay in a CR. Then they price it to that. Remenber the 85c CR - the SP was something north of $1.20 (when we listed on the NAS).

And the reason we didn't get a go at the CR, was the SP could have got murdered on the market like last time. They couldn't sell the extra 1.25M common stock because it was under water on the stock market.

Credit

I'm in the same boat as you with our holdings. The day to day things with UNS can pisz ya off, so I look at a bit further out - the line of thought now is the SA contract and hopefully a few more reasonable ones by Xmas.

This might sound silly but it wouldn't suprise me if the SP doesn't go too much lower and rebounds a bit. The uncertainty about CR has been cleared. As I said are the shorts happy or do they want more.