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Friday, March 07, 2008 2:50:26 PM
But they can't have all the shares diluted (and then some) including the 30 odd million that are based on options currently underwater, and which--if the share price remains where R&R says it will be--will never be above water. And if all the shares are out, it means the share price would have to approach 3.00 (I don't remember all the points of conversion, but some of them are in the 2.60-2.70 range). R&R is trying to have it both ways, and mathematically, that's impossible. Unbelievably sloppy.
NeuroInvestment
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