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Re: crooked33 post# 80126

Thursday, 10/25/2007 10:54:11 PM

Thursday, October 25, 2007 10:54:11 PM

Post# of 250260
Your example is correct. The difference is that Walmart has not issued new securities to increase the o/s. In our situation the Preferred B convertibles are Issued securities which are convertible at any time with no restrictions. Keep in mind that the 8k is very clear in stating that Tom basically owns 80% of this company thru the Preferred B shares.
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