Telkonet Inc (fka TKO)

[Isaiahfortyoneten]

If i am not mistaken this is old news as it has to do with the 10 million they raised. See page 4 it says

On February 2, 2007, we completed a private placement of 4.0 million shares of our common stock to Enable Capital Management and Hudson Bay Capital Management, whose affiliates are selling stockholders under this prospectus, for gross proceeds of $10 million. The Company incurred $390,000 in private placement fees in connection with this transaction. The proceeds of this offering will be used for general working capital needs and to assist in funding the Company's strategic initiatives. Telkonet also has issued to the purchasers in the private placement warrants to purchase 2.6 million shares of common stock at an exercise price of $4.17 per share. Additionally, the Company agreed to issue to the placement agent warrants to purchase 79,000 shares of its common stock at an exercise price of $4.17 per share. These warrants expire five years from the date of issuance.

4 million shares plus 2.6 million in warrants = 6.6 million shares