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Re: 10thMountain post# 13740

Friday, 12/14/2007 10:35:52 AM

Friday, December 14, 2007 10:35:52 AM

Post# of 34794
As has been discussed on the board pretty extensively, we know that dilution is happening just based on the previous 10Qs and the nature of their CDs. Over the last year, it has been very controlled dilution and they've used that money very wisely thus far creating a software product and going to market with it. So, I would imagine there is some dilution happening until they develop a strong revenue stream.

We saw o/s go from 71 mil (aug 07) to 100 mil (nov 07). I would imagine there has been more dilution to date as they ramp up sales, but I'm hoping it has continued to be controlled.