Post by
bond46 on Apr 26, 2013 11:52am
Prove the negative Mr.Bates
Some people have asked what we propose at this point for the retail investors. To start with, let Bates and co prove the negative, that what they did is not theft. How they can prove it? Simple. Extend the exercise of the rights for three years, and put them on the same footing as the Warrants. Well, you may say some funds that have invested in Cline would not like it. Tough luck I would say. Sell, take your losses and get out. When you invested in Cline, you took a risk. Time to pay up. The reason for this extension is that in 3-years time the retail investors, who most of them are working people who hoped for some extra money to put their kids through school and invested in this POS, will probably have enough cash to exercise the rights and not lose their investment to the big funds. As we mentoned before the difference between rights and warrants is the rights have to be exercised in very short period of time while the warrants in 3-years time. Exercising the rigthts in a very short period of time puts every retail investor in a very tight spot and he/she loses that right if not exercised in that short time period. The big boys with the cash, will then scoop up all the shares the rights plan gives to buy. So to redeem your sins and blunders Ken Bates, prove the negative, that you and Cline are not thieves.