It doesn't make sense, does it?
3 Based on 26,754,662 shares of common stock issued and outstanding on December 31, 2007 and assuming the exercise of 4,132,734 outstanding warrants and the conversion of the 250,000 shares of Series A Preferred Stock into 40,131,993 shares of common stock, there would be 71,019,389 shares outstanding.
The shares are convertible into 60% of the issued and outstanding common stock of the Company, any time after August 31, 2007.
Multiplying 26,754,662 common stock x the 60% dilution clause factor does not equal 40,131,993 shares as listed.
So your guess is as good as mine. Assuming that CCSE is just throwing mumbo jumbo numbers out there without even proofreading their own BS, they certainly would not be the first to do that. Lol
