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Thursday, May 24, 2007 7:23:53 PM
The convertible debentures are convertible into the number of our shares of common stock equal to the dollar amount of the debentures being converted multiplied by 110, less the product of the conversion formula multiplied by 100 times the dollar amount of the debenture being converted, which is divided by the conversion formula.
THE IMPORTANT PART....IS THE LESSER OF....
The conversion formula for the convertible debentures is the lesser of (i) $0.20, (ii) eighty two percent of the average of the thee lowest volume weighted average prices during the twenty (20) trading days prior to the conversion or (iii) eighty two percent of the volume weighted average price on the trading day prior to the conversion.
I AM RIGHT! NO WAY FOR GGI TO LOSE
CANT GET MUCH LOWER THAN OPTION NUMBER (iii) FROM ABOVE GIVEN THE CURRENT TREND WITH GZFX! EITHER WAY GGI KNOWS HOW TO WRITE A CONTRACT THAT GAURANTEES THEM PROFIT!
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