THPHF - Thinkpath, Inc. (THPHF)

[Doe 3]

Exerpt.....

TWST: What will you be worrying
about over the next two to three years?
Mr. French: The biggest single problem
now, of course, is to get past the consequences of
restructuring. What I mean by that is that we still
have an overhang, which affects our stock price, in
that we still have well over $1 million in convertible
debentures that have been drawn down but not
converted. We’re working our way through that,
and that’s certainly going to continue to be a challenge
until it’s done...

So......you do the math. We ain't anywhere near the end of the dilution....