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Re: Omnitrader post# 28677

Friday, 09/05/2003 2:26:23 AM

Friday, September 05, 2003 2:26:23 AM

Post# of 219267
omni your question made me go back and take a second closer look and the closer i looked the worse it looked!

from the filings:

As of August 18, 2003, the closing price of a share of our common
stock on the OTC Bulletin Board{R} was $.0067. On that date, our notes,
debentures and warrants outstanding with adjustable conversion and/or exercise
prices were convertible or exercisable into approximately 887,000,000 shares
of our common stock.


apparently i was wrong about how many shares are outstanding currently -- the filing says:

Amounts are based on 466,025,258 shares of our common stock
outstanding
as of August 18, 2003 plus the corresponding
number of shares issuable.


so --- what you have is nearly a half a billion shares outstanding and a s h i t load of shares to be converted.

[the way i read that they are saying that at today's ask there are nearly 900 million shares to be converted.]

its too late to elaborate on the entire filing. hopefully you read the filing carefully and make an informed decision.

personally, i doubt that the stock will run from here. on the other hand if you put in an order for 900,000,000 shares at the current ask and suck up all those cds --- IT JUST MIGHT.

Lazarus

ps --- http://www.stockta.com/cgi-bin/analysis.pl?symb=CNES&num1=1&cobrand=&mode=stock


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