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Re: erdos47 post# 207

Thursday, 08/31/2006 12:44:22 PM

Thursday, August 31, 2006 12:44:22 PM

Post# of 8604
The way I read it, they've lowered the conversion price on $2,867,000 of debt to no higher than $.05/share, and possibly less. It becomes a "floorless" convertible. That means at least 57 million additional shares, plus the 4,480,000 that are being issued. Over 60 million additional shares total, but a lot less debt.