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Re: ocipio post# 78651

Thursday, 10/25/2007 8:34:08 AM

Thursday, October 25, 2007 8:34:08 AM

Post# of 245635

Ocipio,

IMO. They could have converted part of the Preferred C. Or they may have issued more shares to raise the cash necessary to close the Hacketts deal.

Not sure but expected a PR soon to boast about the merger and clear the air.

Any valuation should be based on the full dilution of the series C so were knocking on the door of 800M O/S worst case.