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Re: in2lite post# 209

Wednesday, 06/28/2006 4:59:21 PM

Wednesday, June 28, 2006 4:59:21 PM

Post# of 232
Concerning IHT and the convertibles - I don't think there is a lock-up date on converting the preferred shares - do they have to register them if they convert or could they just appear at any time into the float? Does that add 4B shares to the potential number of OS (@ 400:1 conversion)? I know that the number of authorized shares limits conversions. Not familiar enough with preferred convertible shares and appreciate anyone giving me some insight concerning what that may mean to the OS and if there is any forewarning before they show up.

thanks