Non of the shares are converted and I suppose we trade with short shares, see here: -------- Original-Nachricht -------- Datum: Tue, 30 Oct 2007 16:03:05 +0300 Von: "ctr_id: 2605790" <sazonova@szng.ru> An: XXX Betreff: Re: Convertion of shares NWOG/NWOL Mr XXX, according to our transfer agent, there has been a delay in DTC and now you are expected to receive your shares in a little time. All IMO