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[QUOTE]Originally posted by PCola77: [QB] Here's what's going on, I think. A/S was raised (well, preliminarily. Remember, this is a pre, not a final, filing). All shares that were put on the market by Select will become legitimate. The increase in A/S was needed to do that. This should appease the MMs that unknowingly had "fake" shares. Then it should be a matter of filing a couple of more things, and getting the MMs to sign off on this trading again. At that point old trades will be cleared, and it will start trading again. Ther will no longer be the short of 1000+X the float, so my gut is that the price will open at .0001 and probably not go above that. Some on IHUB speculate there is still a huge naked short position, but to that I say "Well, what POS companies DON'T people over there say has a huge naked short position?" :) Still should be a few more weeks at least, but I think it will start trading again soon. As for the phantom shares and the significance of the 28th, that's the hearing with the OSC in canada. BHUB would, I assume, still go after Select for fraud and damages, but taht will be irrelevant to shareholders for the most part unless/until something comes of it. Make sense? [/QB][/QUOTE]
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