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Re: Bulldog2002 post# 12891

Thursday, 12/13/2007 9:01:44 AM

Thursday, December 13, 2007 9:01:44 AM

Post# of 34801
Bulldog,

Thanks for the links (again and again and again) ... I think the key with that is:

The Investors have contractually agreed to restrict their ability to convert the Notes and exercise the Warrants and receive shares of the Company's common stock such that the number of shares of the Company's common stock held by them and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company's common stock. -> It seems very controlled ...

We need to really see the next 10Q to figure out where we are. I have tried calling the T/A over and over again this week using every trick in the book possible and they cannot release the official O/S count, company policy. Personally I trust 100% with they way the company is managing this. It just seems VERY odd to me that their employee stock incentives are set to $0.10 if they weren't confident of reaching that number.

Merco


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