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Re: None

Friday, 12/21/2007 9:55:07 AM

Friday, December 21, 2007 9:55:07 AM

Post# of 34794
Dilution myth:
much anxiety has been willfully spread here by those who only show up when it is convenient for them to drive the price lower. Their favorite theme is dilution, a common concern in penny land. Here, though, it is not the huge issue that some would like us to believe.
How do I know? I read the S-8's. All of them. Do you know what they say about the ability of the financiers to dump shares? It says they can't. From all the S-8's:

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.


The more you know, the less you don't know.