Should be the first of a stream of them coming to help in getting current. Nothing earth shattering either way for a stock trading at ~.35, although cash per share of about .20 is intriguing.
Now, when converts are considered, I'm not sure that "31M shares at 12/31/07" is correct, but that's what we have to work with at this point. Case and point is the 1/7/08 8K that indicates a 6.6M addition to share count. So really we should use at least 38M as the share count for now.
Solid DD combined with timeliness and conviction is a recipe for profits.
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