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To: phoenix2 who wrote (5453)4/29/2008 5:11:17 PM
From: duke of axc  Respond to of 5839
 
I may be wrong, but I think it was one of the gentleman from the Gruber group. I do not remember his name. His answer did not make any sense I think he just blew it off like he did not care which I guess he did not. Now we can understand why.



To: phoenix2 who wrote (5453)4/29/2008 5:11:44 PM
From: James Feldman  Read Replies (1) | Respond to of 5839
 
That comes from the conference call for 3Q 2007. The question was from Pat McBaine of Gruber & McBaine, and he wanted to know what management was doing to raise equity capital during the last 60 days or so.

McKibben and Pat McBaine said something along the following lines:

McKibben: I don't know that we're at liberty to answer that. We have had a series of meetings in New York with a current major shareholder and with a prospective investor.

Pat McBaine: Well, I'm a major shareholder, and nobody contacted me.

McKibben: We were considering a rights offering and we were meeting with 2 principal shareholders, and we were looking for someone to backstop a $15 million rights offering.



To: phoenix2 who wrote (5453)4/29/2008 6:27:39 PM
From: OPVet  Read Replies (1) | Respond to of 5839
 
I well remember the comment about not being contacted regarding funding needs. I'm sure a tape of the CC will reveal the institution's name.