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  The Mother of All Dilutions
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chicagofina...@yahoo.com  
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 More options Dec 4 2008, 1:55 pm
From: chicagofina...@yahoo.com
Date: Thu, 4 Dec 2008 10:55:28 -0800 (PST)
Local: Thurs, Dec 4 2008 1:55 pm
Subject: The Mother of All Dilutions
But you know what?  I'll take it.  It beats going to $0.00

Well done guys.  One caveat:  Febreze, do us a favor and fade into the
background - OK?  I don't care how much stock you own:  #1 Freeman is
an actual person; #2 you are diluted to hell now; #3 it's your parents
money anyway......


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chicagofina...@yahoo.com  
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 More options Dec 4 2008, 4:11 pm
From: chicagofina...@yahoo.com
Date: Thu, 4 Dec 2008 13:11:19 -0800 (PST)
Local: Thurs, Dec 4 2008 4:11 pm
Subject: Re: The Mother of All Dilutions
Let's be clear here......fully diluted shares have now increased at
least 10X-12X...I can't be bothered to do the math, because it is
irrelevant anyway.  So just to get this sucker to $1, you need to have
an enterprise value of $250M+......that would be quite a trick.....all
you need to know is that Google is getting smacked around badly, so
this revenue model is under serious pressure.  I think at this
juncture, just to survive 2009 would be cause for a standing ovation.
Any meaningful growth generated in the next 24 months (i.e. taking
share or creating a market) will be hard fought.  Bad time to be a
development stage company, but at least they took out the debt
albatross.  Seriously, GOFH must be promising (regardless of the fact
that they just handed over the company) because death is anon for all
these types of companies.  You will have my admiration if you are in
place to be harassed on January 1, 2010.

Good luck.


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chicagofina...@yahoo.com  
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 More options Dec 19 2008, 5:19 pm
From: chicagofina...@yahoo.com
Date: Fri, 19 Dec 2008 14:19:36 -0800 (PST)
Local: Fri, Dec 19 2008 5:19 pm
Subject: Re: The Mother of All Dilutions
Interesting that Qatalyst worked on the deal......while I would chalk
that up to pathetic hubris or mere desperation on your part, it speaks
volumes that they passed on GOFH.  The only issue here is that maybe
their terms were even more draconian that the cast of characters you
lined up for the $22.5M.  I am tempted to qualifiy my prior tepid
praise.  You guys kind of gave yourselves a backhanded black-eye and
paid through the nose for it.......yuck.....

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