Escalon Medical Corp. (ESMC)

[greasemonkeyshoes]

From 10Q,the share count was 7.6 million........
and after the conversion of note from preferred to common shares,the dilutive share count becomes 11.9(=7.6+4.3). The stated cost of the 4.3 million shares is around 12c,the management is no dummy,and they knew exactly what they were doing,while maintaining majority control:a bit aggressive,up to 67% voting control first,then drop down to 35% when everything said and done.Not too abusive or it could had taken more from the shareholders.