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Lownumba

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Re: unluckyami post# 17738

Thursday, 06/29/2006 7:01:19 AM

Thursday, June 29, 2006 7:01:19 AM

Post# of 37776
No, each unit gets 35 shares of preferred stock. Each of those 35 preferred shares is convertible to 100,000 common shares, so each unit has the potential to covert to 3,500,000 common shares. The total offering of 20 units could convert to 70,000,000 pre-split shares.

(That doesn't seem like a lot now, but this was before the spring dilute-a-thon.)
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