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Re: None

Thursday, 07/29/2004 4:20:52 PM

Thursday, July 29, 2004 4:20:52 PM

Post# of 358440
how much we payed for GEMM -

26,726,042 O/S as of 2002-02-22

x/(26,726,042 + x) = .25 or %25

-so- x = # of shrs purchased 8,908,681

$500,000 = what we paid / 8,908,681 shrs = .056

so, after todays trading for GEMM we actually bought in at a discount

New O/S = 35,634,723

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