Windswept Environmental Systems, Inc. (fka WEGI)

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On June 29, 2007, August 2, 2007, and September 5, 2007, the Company issued 258,336, 324,243 and 930,376 shares respectively, of its common stock to Laurus in connection with partial exercises of its initial option.

The diluted income per share for the three months ended September 30, 2006 excludes from the calculation 79,146,452 shares issuable upon the exercise of stock options and warrants and 27,662,506 shares issuable upon the conversion of convertible securities, respectively. These shares are excluded due to their anti-dilutive effect as a result of the Company’s net loss after adjusting for the embedded derivatives income effect during this period.

http://www.sec.gov/Archives/edgar/data/814915/000114420407068137/v097486_10q.htm

WEGI and LAURUS have done a bang up job of "hiding" dillution. If you are a CPA type and care to get some info on how these "embedded derivatives" work. You will further understand how WEGI share structure is smoke and mirrors IMO