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Re: carl_52fl post# 329

Friday, 03/21/2008 1:23:04 PM

Friday, March 21, 2008 1:23:04 PM

Post# of 2559
Hey Carl,

The question about the float is a pretty good one...but I don't know that we have much disclosed information we can go on. I think I remember reading in some of the SEC filings that no one person is known to own more than 5%. While this doesn't inform us about the ownership structure, it does indicate at least in part that we have a pretty good size float.

The following three sentences are from the last three filed 10Q's filed. I expect the 10K coming out on 3/31/08 should continue a fairly flat Outstanding Shares number.


"There were 72,592,929 shares of the Registrant’s $.001 par value common stock outstanding as of March 31, 2007."


"There were 81,111,234 shares of the Registrant’s $.001 par value common stock outstanding as of August 14, 2007."


"There were 81,804,734 shares of the Registrant’s $.001 par value common stock outstanding as of September 30, 2007."



Also, I was reading the last annual filing on pinksheets.com and it mentioned there that the convertable debt which was due late '07 to early '08 was convertable at $1.00 per share. So from the current share price, this would not be very dilutive (almost accreditive--in that it would remove most of our debt)... potentially 2-3 million more shares. My guess is these will show up as either shares issued or note extended. Not too bad, either way.

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