Incomnet Inc. (fka ICNT)

[MWM]

This is the last filing I see an O/S listed

## THIS AMENDMENT IS BEING FILED TO REFLECT THE WARRANTS ACQUIRED IN THE
SUBORDINATION TRANSACTION DESCRIBED IN FOOTNOTE *** OF ITEM 10 OF THE
SCHEDULE 13G RESPONSES. Percentage of class is calculated based upon
25,083,000 shares of Issuer's Common Stock outstanding, which consists of
21,233,000 shares of voting stock outstanding (pursuant to Issuer's most
recent Form 10-K, filed on April 1, 1999) and an additional 3,850,000
shares of Common Stock outstanding assuming exercise of the Warrants.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=212388

So I would assume those warrants were never issued and the O/S is 21 million.