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Tuesday, September 16, 2003 4:04:12 PM
Assuming an average share price of .064, you get 183823 shares of stock for $10,000 up front. About $11,764 dollars worth. An equivalent share price of 5.44 cents.
You also get the option to buy 32895 shares at no more than 7.6 cents for 5 years.
Does that sound about right?
It will be interesting to see what effect this has on the pps.
frog
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