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  • cordialng cordialng May 6, 2010 1:03 PM Flag

    Not the time to do a secondary

    Good point....ramping up production is going to take a boatload of cash, so a secondary is a real possiblity sooner rather than later. I took some off the table yesterday and am waiting for the announcement of a secondary to buy back in.

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    • the ceo and others in mgmt sold some shares in last 3-4 days. to be compliant with SEC, this means that they dont know any new material information not yet disclosed. which means that secondary is not planned, since that would be material information.

    • Funds are unloading everything right now. This is the beginning of Oct 2008 all over again. Next Monday could be really awful.

      I hope people have puts on the market for protection and or raised a lot of cash. It is possible DNDN trades to the low 30s if we get a 1000 point drop on Monday.

      Pimco says this sell off is the real deal and reason for worry.

 
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