Cornell Yorkville Clients

[jonesieatl]

'tis the season for S-1's: STHK & OEGY

About +20% dilution for STHK

STHK registering "the offer and sale of up to an aggregate of 4,806,391 shares of our common stock .... by certain persons who are our shareholders..... We .... will not receive any of the proceeds from this offering."

"As of May 22 , 2008, there were 23,268,214 shares of our common stock outstanding that were held of record by approximately 531 shareholders."

http://www.sec.gov/Archives/edgar/data/875762/000092242308000518/kl05063.htm


Relatively negligible dilution for OEGY as they have a much larger outstanding situation.

OEGY registering "4,280,627 shares of common stock of Open Energy Corporation, formerly known as Barnabus Energy, Inc., a Nevada corporation, by the selling stockholders .... Open Energy is not selling any shares of common stock in this offering and therefore will not receive any proceeds from this offering."

"As of May 20, 2008, we had (i) 127,952,397 shares of common stock issued and outstanding; (ii) debentures outstanding that, including accrued interest, are convertible into 42,000,000 additional shares of common stock; and (iii) warrants outstanding to purchase up to 74,884,879 additional shares of our common stock."

http://www.sec.gov/Archives/edgar/data/1176193/000110465908037002/a08-15533_1s1.htm