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Del Bocavista III

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Del Bocavista III

Re: meffi post# 272

Wednesday, 07/11/2007 9:28:12 AM

Wednesday, July 11, 2007 9:28:12 AM

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Proposal 2 reduces A/S from 300MM to 6MM.

Also, the convertible note holders can't own more than 5% of the O/S. Dilution would be a long way off. I suspect mgmt would prop up the price so they it takes fewer shares to cover the conv. notes. jmo.

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