.0015 @ .0019
V = 3,904,085
As
of the
date of this report, Cornell owns 3,571,429 shares of ETLS common stock and
a
warrant to purchase 5,000,000 shares of ETLS common stock at $0.02 per share.
Based upon those warrants and the conversion rights under the convertible
debentures as described in this report, Cornell could acquire a substantially
greater position in our common stock, subject to the terms and conditions of
the
applicable agreements limiting exercise or conversion of the overlying
securities, in addition to the rights that Cornell holds as a secured
debentureholder. Thus, Cornell could exercise significant influence over the
election of directors, determination of policies, appointing the persons
constituting management, and determining the outcome of corporate actions
requiring stockholder approval, including mergers, consolidations, and the
sale
of all or substantially all of our assets. The interests of Cornell may differ
from the interests of other stockholders.
"Your Vegas Is Showing"
I've been to Hollywood
I've been to Redwood
I crossed the ocean
for a heart of gold
I've been in my mind,
it's such a fine line
Later, The Team.
