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Re: simba1 post# 120019

Tuesday, 03/21/2006 11:54:37 AM

Tuesday, March 21, 2006 11:54:37 AM

Post# of 286279
I have been talking about the share increase for several weeks. Read the past posts before replying.

So it all comes down to timing on the press releases.

Major retail news must come first.

It will be more clear to people in the Quarterly. You will see the cash spent on e-golf-garbage, VOD, retainer fees and advisory fees, imo. Then add in new cash needed from selling shares and Golden Gate. Then subtract the current A/S's. It is very clear they need more A/S's to cover the GG conversion schedule as presented in the filing.

This is mandated by the SEC. You cannot have less A/S's than Outstanding. And GG sells right away because they can only hold 9.9% at a time. Plus they immediately are 18% in the money.