There is much to find out here yet but $48 IPO is not hard for me to imagine here. DLS has the State of La. as a client. 265,000 clients. If we acquire DLS and can get the presciption business for the state also, that is a great starting point. Add in store front partnerships and more contracts for states and big businesses(GM, etc. that are struggling with medical insurance)and the sky is the limit.
We don't know how close or far we are to being able to make this model work but the potential is enormous. Put this all together with a tight share structure like we will have and $48 may be cheap, imo.
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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the company structure is terrific, but in the pr. it states putting rxpc into 8% of the basic ipo is ridiculous. I hope all of you can make a killing. but not enough info, I would be calling pub relations at 5 min to opening bell, if this sucker tanks, I can only imagine a bad experience could keep all involved from continuing investing in a money making biz such as trading. I hope I am stupid on this one, but to many red flags. GLTA regards.
-------------------- . Posts: 110 | From: chico , ca | Registered: Oct 2005
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money is not made when you get into a dead dam deal,, I do not mean to bash, I have plenty of cash for this sitting at my brokers, but dang, wish you all could re-read the pr's. they sound confused, none of it makes sense. even trying to put it together. if we work as a team we can all make green cash...........
when you lose on this stock, please remember curmire5, all I want is all of us to make massive retirement cash. and keep an open mind. we can try to figure out what 8% means until we are blue in the face, I am done here, you have ALL been warned, I have other stocks to look at than hold my resolve on this pos, money is to be made but not here. this co. is a mistake. GLTA
-------------------- . Posts: 110 | From: chico , ca | Registered: Oct 2005
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Thanks for the warning. It sure seemed that most of us were trying to figure this out and are still attempting to. I, personally don't take to warnings any better than I do to ultimatums. I make my decisions based on what I am able to find. we happen to be endeavoring to decipher what is happening here.
From what I have read everyone has their eyes wide open and no one is being duped. I have witnessed many people working together. It's a great thing when that happens. This stock may enabled some to retire and others to make a substantial reward for the risk they take or we may lose everything we have invested. That is the truth of this and many other stocks we all put our money into on a daily basis. It is up to each individual to decide what is right for them.
You have reached your conclusion which is fine but your (I told you so attitude) may be premature and even if correct and this goes down in flames serves no purpose other than to inflate your own ego.
I hope you make money on your other stocks but I do take offense to your last post. It is not helpful in any manner and does nothing to further our cause.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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wal, I have been following the conversations and appreciate them in a huge way, I wanted to believe that we were all going to get 8% of what we would own in this company, and make bank in a huge way, on friday I seen something different in this stock, and after reading the pr so many times and even trying to read between the lines, came up with the same flags. I apologize for the offense, did not intend to. and I am not after an ego boost. I only buy maybe 12 - 15 companies a year and did have hopes on this one. sorry for the last post, innapropriate, and egotistical. (just reread). I hope everybody well on this glta
[ July 03, 2006, 09:02: Message edited by: curmire5 ]
-------------------- . Posts: 110 | From: chico , ca | Registered: Oct 2005
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Wow This is the last time I take a few days off from here. Thanks for the heads up and info Tex. Wally great posts as always. I'm reading and catching up now
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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I just got off the phone with Peter. He said we will be having a conference call within about 10 days and that will be before we go private. He said we will still own all of our stock in the private company. RXPC will own the new subsidiary in which we will receive a stock divvy of around 8%. He can't go in to details yet but the subsidiary is on track to be IPO'd in Sept. That does mean stock for sale. As for the $48 price, that is based on the business model. He feels that is a price that is on the low side and I feel the same way when you look at the future potential and the tight share structure. Don't be looking for any forward splits as he likes the idea of keeping the OS at 4 mil. He couldn't say more than he has been in contact with all parties necessary to make this happen at this time.
The DLS deal could have been financed but it would have been thru convertible debentures and Peter felt that that would be detrimental to the shareholders. The finance companies would do their best to keep the pps down thru MM manipulation so they would be able to buy/convert at a discounted price. That is why he is going the route to the NAS. DLS is still partnered with us and the idea to fully acquire them is also on.
Yes, we all have to weigh the risk we are willing to take. I have weighed mine and I see too much reward to walk away. Long and Strong for me. I wish all the best in whatever you choose to do.
I learned long ago, never wrestle with a pig. You both get dirty but the pig likes it. George Bernard Shaw
-------------------- This is not a contest. Let's all make some green. GLTA Posts: 38 | From: SC | Registered: Jun 2006
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Thanks for the update jrdig7. I'm long and strong for this one also
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by curmire5: wal, I have been following the conversations and appreciate them in a huge way, I wanted to believe that we were all going to get 8% of what we would own in this company, and make bank in a huge way, on friday I seen something different in this stock, and after reading the pr so many times and even trying to read between the lines, came up with the same flags. I apologize for the offense, did not intend to. and I am not after an ego boost. I only buy maybe 12 - 15 companies a year and did have hopes on this one. sorry for the last post, innapropriate, and egotistical. (just reread). I hope everybody well on this glta
That was a very classy post. I wish you the best of luck in all your investments.
Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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We currently own stock in RXPC. The company is going private but we still own our stock. RXPC is starting a subsidiary that we will be given a stock divvy of approximately 8%. We will still own our RXPC plus the stock in the new co.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Egg, I saw that no one had answered your question about what a PBM is, and thought the explanation might be beneficial for the rest of the group...
I worked for one for a while, so I can probably answer any questions you have about the industry.
Basically, they contract with TPOs (third party organizations) or individual companies to provide pharmaceuticals - sometimes it is through mail order services, and sometimes it is handling actual claims from a drugstore, or can be both. For example, if my employer wanted better prescription coverage than the standard included with medical insurance, they would contract with a PBM. When I went to Walgreens to fill a prescription, I would show them the PBM card, and then Walgreens would verify my eligibility, and fill my script. Then, Walgreens would handle the nuts, bolts, and money switching with the PBM.
Basically, it is expanded insurance...BIG business. No worries about this one when it does hit the big board, particularly since the State of LA is a customer of Direct Labs.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Well, This certainly was not unexpected. In fact...not as bad as I expected today! Who...in this arena plays this kind of questionable waiting game?? not too many. Not too much $ involved in this for me so I am willing to see how the story ends. I LOVE the business so it makes sense for me to stay and watch the players execute... IF...IF..they have the intention to do so?? So Peter ............if you are so intent on creating shareholder value....Be my guest! some of us are still watching
DYODD Jimmy Mac
Posts: 484 | From: CT | Registered: Jun 2006
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My only gripe so far is that I should have sold high so I would be able to buy back more shares for the same investment ;-) My women's intuition says we are all in a very good position...and I am more right than wrong by percentages.
Have a GREAT holiday everyone!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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My understand is there will be 4 million pre IPO shares and 1 Million shares issued at $48 a share issued when the IPO begins trading, which will raise the 48 Million mentioned in the PR. A total of 5 million shares making the Market Cap a modest 240 Million. This really isn't as outrageous as it originally sounded. I haven't found anything in Peter's past or read anything posted from the many who must be doing similiar research, suggesting that Peter is shady in the least bit.
All I can say is the more research I do the more confidence I have that we may indeed be onto something here. I still say use caution and do your own DD before you make and decisions.
Good Luck Wally
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
up 6% toady in the green. Conference call within the next week with Peter will keep everyone up to date
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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WILMINGTON, Del., Jul 11, 2006 (BUSINESS WIRE) -- Rx Processing Corporation (OTC: RXPC) recently modified its approach towards listing our shareholder on a NASDAQ exchange. Furthering shareholders knowledge and understanding of our true competition and future shareholder market capital for the subsidiary and why $48 was agreed upon for the offering price.
Rx Processing Corp.'s shareholders major competition in sourcing prescription medications are Canada Drugs, a Canadian corporation with over 175,000 patients and Rx-payments Ltd. of Israel with assumed revenues in excess of $1 billion US. These groups work internationally and have greater flexibility servicing clients with prescription medications than U.S. corporations in a direct to consumer business model. Rx Processing Corp. shareholders will have many advantages over the competition; we can transact and conduct business in a HIPPA compliant regulatory environment to further ensure customer identity information is safe and residing in the United States while receiving a full compliment of prescription medication.
We learned from innovators in prescription medication sourcing and direct laboratory testing and have listened to how to properly conduct operations as a reporting corporation. This understanding leads to our innovative approaches to methods utilized by international groups that achieved substantial success in attaining U.S. customers. We, however, possess a business model and track record of seeding this developing market with open public communications and a true focus on benevolently affecting U.S. Citizens health care.
Our shareholder future market capitalization is as follows for the prescription medication sourcing business for the under and uninsured. One client conservatively represents $2500 annually in prescription medication sales with a built in 15%-40% net profit margin on brand and lower cost generic medications respectively. This $375-$650+ a year in potential net profits per client with a corporate capital market multiple of 7 years equals a market value of $2650-$4550 per client. Figure each future corporate or affiliate location gains 1 client per day and they order a 90-day supply of Lipitor for $228 and tell their neighbors over coffee within a 90-day time frame, we effectively have a potential growth curve of 50-100% every ninety days for a number of years. Conservatively, the potential number of clients we attain in the next 7 years could reach 100,000+. Adding in the intent to still acquire Direct Laboratory Services Inc. (1) for our shareholders in the corporation now forming and the potential for additional strategic acquisitions, a valuation of $48 per share is wholly justified.
Peter Fiorillo commented, "This market capitalization is significant, sizable to service our market, and we are aggressively positioning to keep that market capital in the United States to support Americans."
Rx Processing Corp. is positioning shareholders to become significant owners in a listed NASDAQ corporation to provide prescription medications and preventative health laboratory testing to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States citizens would benefit from the company's affordable prescription medication and laboratory testing programs.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e., operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
(1) The option agreement to acquire Direct Laboratory Services Expired without execution June 15th 2006.
SOURCE: Rx Processing Corporation
Rx Processing Corporation, Wilmington Tim Gillesse, 800-576-7055
Copyright Business Wire 2006
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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Rx Processing Corp. Analysis of Developing Shareholder Corporate Capitol Market Business Wire - July 11, 2006 09:29
WILMINGTON, Del., Jul 11, 2006 (BUSINESS WIRE) -- Rx Processing Corporation (OTC: RXPC) recently modified its approach towards listing our shareholder on a NASDAQ exchange. Furthering shareholders knowledge and understanding of our true competition and future shareholder market capital for the subsidiary and why $48 was agreed upon for the offering price.
Rx Processing Corp.'s shareholders major competition in sourcing prescription medications are Canada Drugs, a Canadian corporation with over 175,000 patients and Rx-payments Ltd. of Israel with assumed revenues in excess of $1 billion US. These groups work internationally and have greater flexibility servicing clients with prescription medications than U.S. corporations in a direct to consumer business model. Rx Processing Corp. shareholders will have many advantages over the competition; we can transact and conduct business in a HIPPA compliant regulatory environment to further ensure customer identity information is safe and residing in the United States while receiving a full compliment of prescription medication.
We learned from innovators in prescription medication sourcing and direct laboratory testing and have listened to how to properly conduct operations as a reporting corporation. This understanding leads to our innovative approaches to methods utilized by international groups that achieved substantial success in attaining U.S. customers. We, however, possess a business model and track record of seeding this developing market with open public communications and a true focus on benevolently affecting U.S. Citizens health care.
Our shareholder future market capitalization is as follows for the prescription medication sourcing business for the under and uninsured. One client conservatively represents $2500 annually in prescription medication sales with a built in 15%-40% net profit margin on brand and lower cost generic medications respectively. This $375-$650+ a year in potential net profits per client with a corporate capital market multiple of 7 years equals a market value of $2650-$4550 per client. Figure each future corporate or affiliate location gains 1 client per day and they order a 90-day supply of Lipitor for $228 and tell their neighbors over coffee within a 90-day time frame, we effectively have a potential growth curve of 50-100% every ninety days for a number of years. Conservatively, the potential number of clients we attain in the next 7 years could reach 100,000+. Adding in the intent to still acquire Direct Laboratory Services Inc. (1) for our shareholders in the corporation now forming and the potential for additional strategic acquisitions, a valuation of $48 per share is wholly justified.
Peter Fiorillo commented, "This market capitalization is significant, sizable to service our market, and we are aggressively positioning to keep that market capital in the United States to support Americans."
Rx Processing Corp. is positioning shareholders to become significant owners in a listed NASDAQ corporation to provide prescription medications and preventative health laboratory testing to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States citizens would benefit from the company's affordable prescription medication and laboratory testing programs.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e., operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
(1) The option agreement to acquire Direct Laboratory Services Expired without execution June 15th 2006.
SOURCE: Rx Processing Corporation
Rx Processing Corporation, Wilmington Tim Gillesse, 800-576-7055
Copyright Business Wire 2006
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
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posted
So wha tare the chances of this thing keeping a high price once it gets to the nasdaq? Will this fall like so many other stocks do right after IPO? It looks really interesting and I am lookin to get in tomorrow.
-------------------- COMMUNICATION CAUSES LEARNING!!!!! Posts: 136 | From: Ahwahnee, Ca | Registered: Apr 2006
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posted
Put it this way. In order for you to lose money it would have to drop from $48 all the way down below 70 Cents. It close at .05 today if you bought 10,000 shares at .05 your cost would be $500 plus commission. As a dividend you will receive 800 shares of the IPO. $500 divided by 800 shares = .0625. I used .70 so commissions would be covered. As long as the IPO happens as planned.
This is totally a Risk vs Reward play. How much do you feel comfortable with losing. The money I have in is money that I no longer consider. It's like I paid a bill with it and it's gone. If the IPO happens and once the restriction period is over hopefully I'll have a surprise and the stock will be worth anywhere from $5 to $60. If it's $5 I'll have $4,000, based on a $500 investment or more if the stock holds it's value. It's a risk don't invest any money that you can't afford to lose. You also still have your original shares in the private RXPC company. I have no idea how shares in private companies work.
Hope that helped
GODD LUCK Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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Rememebr to we assume to push an additional 4M shares into the float next year. The hope is that the company has gained a price threashold that does not impact our shares entering the market.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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RXPC update. I talked to Peter this am. He said the NOBO/OBO list will be up this week. He has been very busy with other things and that is why they were delayed. He is going to Ohio to finish up everything with the website. Global Media is a significant shareholder and will be doing the PR for the new website and IPO.
The CC will be next week and the pr announcing will be out soon. We should be able to get a very good handle on things at that point. It is hard for him to tell single individuals details without telling everyone else so we will just have to wait for the CC. Best of luck to the longs.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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I am holding onto 7500 shares * 0.0445. Looks good so far but why was there no good pop from the last PR. I guess people think it is too ambiguous right now. I did have one issue with them; the email addy for IR doesnt work...I keep getting a kick back RTS notice. Any ideas?
Posts: 19 | From: Raleigh | Registered: Jul 2006
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Rx Processing Corp. Announces National Teleconference July 20, 2006
Business Wire via COMTEX
Jul 14, 2006 1:11:54 PM
WILMINGTON, Del., Jul 14, 2006 (BUSINESS WIRE) --
Rx Processing Corporation (OTC:RXPC) is pleased to announce a National Teleconference July 20, 2006 at 4:15 pm EDT to update shareholders and the financial community about corporate actions, events, and its expanding industry business environment.
If you would like to participate in a National Teleconference withRx Processing Corp. please dialToll Free Access Number1-800-868-1837Direct Dial Access Number1-404-920-6440Pass code 37273465#Date/Time:7/20/2006 4:15:00 PM Eastern Time Zone7/20/2006 3:15:00 PM Central Time Zone7/20/2006 2:15:00 PM Mountain Time Zone7/20/2006 1:15:00 PM Pacific Time Zone Rx Processing Corp. will discuss its strategy leading towards a NASDAQ Listing for shareholders, past corporate events (including acquisitions) and clarify to shareholders what we have to collectively accomplish in securing our health care future. The featured speaker from Rx Processing Corp. will be Peter Fiorillo, Chairman and CEO.
Peter Fiorillo commented, "I am excited to speak to all shareholders and the financial community and share with you details of my personal and corporate mission in securing our future health care, provide clarity about past events and elaborate on current actions to increase shareholder capital, further positioning the company and our industry for the next 5-10 years in an ever changing and increasingly dynamic environment."
About Rx Processing Corp.
Rx Processing Corp. is positioning shareholders to become significant owners in a listed NASDAQ corporation providing prescription medications and preventative health laboratory testing to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States Citizens would benefit from the company's affordable prescription medication and laboratory testing programs.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including those about the company's future expectations, revenues and earnings, and all other forward-looking statements (i.e., operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company's control, and may yield results differing materially from those anticipated.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Here is a list of questions we have compiled for Peter feel free to add your own. Conference Call is scheduled for thursday July 20
Posted by: jrdig7
This was the last list I saw here. As for the CC, I'm sure he has written out what he will say at this point. We still should submit this to him so he can see what we are concerned with and if he can't fit it into the CC, maybe he can address them with a letter to the shareholders. Let me know if there is any way I can help. Thanks.
Remember folks, this is a rough draft, it will get revised before getting sent.
1 Are we on track for the IPO in Sept and do we have an underwriter to market it?
If for some reason you are unable to get the IPO off the ground will RXPC continue as a private company or will you look to go public on another exchange. How exactly will this affect shareholders?
1. Name of new Company 2. Ticker symbol yet? 3. What Forms have been filed? How many are left. 4. I assume the audit is complete - results? 5. Who is/are the underwriter(s)? 6. Who else is involved 7. Describe the affiliate and has there been any sign on, or show interest? 8. What are the projected future locations based on? 9. Do we plan on becoming a PBM and/or accept insurance contracts? - if so timeframe. 10. is 8% still the share divi? 11. length of restriction 12. status of DLS aquisition
13. Can you layout the details of the July-September timeframe for shareholders? Step by step. 14. Can you explain to the shareholders why the IPO plan is better than just carrying on with growing RXPC as is? 15. Can you give us some hard numbers and details for why the $48 figure was used? Clients and prescription numbers. 16. How long will the shares be restricted after the IPO? Can that number be adjusted by a company option? Say 6 months instead of one year. 17. When will the Global Media Fund's advertising kick in? How is Global Media getting paid? 18. Can you give us the latest details on trying to lower RXPC's Outstanding Shares to 50M? 19. What influence has Canada Drug's business been to RXPC? Did you model RXPC's business plan after any parts of their business? Do you think Canada Drug's growth is something that RXPC can replicate? 20. Can you post all the latest NOBO/OBO lists in the next couple days? 21. Can you give us the latest share structure including Restricted shares and the latest float? 22. What is the cost of the IPO process? 23. Is the IPO being underwritten on a firm commitment basis or only a best effort basis?
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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The list of questions was sent to Peter so hopefully he will address them all
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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up10% maybe some interest coming in with the conference call coming later today
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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