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Biotech / Medical : Avitar AVR:AMEX

AVR 4.533

+5.2%

Oct 31 3:59 PM EST

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To: country bob who wrote (51)	9/28/2005 9:52:40 AM
From: SI Bob	Read Replies (1) of 58

So, they put up the whole company as collateral for a $3MM loan when the market cap is $4MM. And it's a floorless convertible. And only $1MM in funds have been dispersed so far. One of the lenders' names looked familiar and it's not exactly confidence-inspiring that one of them has "Offshore" in their name. Are any of these known for shorting the snot out of a stock once they've made a loan so they can convert at pennies on the dollar? I don't know about you, but I'm seeing the Exit sign flashing in bright red. I haven't yet. Scottrader is showing Bid and Ask both at zero, so I have no idea what's currently going on with trading. Except that as of now, 118k shares have traded hands with a last price of 2.2 cents. Edit: Decided to go ahead and put in a limit sell at 2 cents, but Scottrader won't allow it. Gives a message that says "Unable to enter the order because the limit price entered is too far away from the market price for stocks under $10." Yeah, it's a pretty big multiple of zero cents.

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