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Re: jonesieatl post# 147978

Tuesday, 08/26/2008 6:22:51 PM

Tuesday, August 26, 2008 6:22:51 PM

Post# of 326354
Jonsie, actually they can convert at 97% of the lowest closing bid price for the prior 30 trading days. The lowest close in that time period currently sits at .0025 and will remain there until 9/12 I believe. It will then be replaced by the recent low close of .0031 until 10/04 unless we make a lower low prior to that date. Bottom line is that even at .0033 per share they can make a nice little 32% gain or therabouts. Anyone know if "lowest closing bid" price is the same as lowest closing price?

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