Finjan Holdings Inc (FNJN)

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Assuming that this rate is constant, $740,843 = 1,336,752 shares

Since March 31, 2009 through April 6, 2009, the Company has issued to the Debenture holders an aggregate of 1,336,752 shares of common stock upon the conversion of an additional $740,843.04 of Debenture principal.

There is about $1.5M dollars left to convert. That is slightly over 2 times $740,843.

So... 1,336,752 x 2 = 2,673,504 minimum shares left to be diluted.

Because if you simply multiply $740,843 by 2, you would get about $1.48M worth. That leaves about $20K left unaccounted for after multiplying it by 2.

The volume after April 6th to the 9th barely equals 2.6M shares, so.. we'll be in pain for a few more big volume days.