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rocky301

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rocky301

Re: d33c4f post# 1875

Friday, 08/20/2004 6:16:17 PM

Friday, August 20, 2004 6:16:17 PM

Post# of 157300
squ1dk1d',
your following statement is incorrect


But as for shares, they have about half of their authorized shares to go through before needing more

recent preferred sales to Caterham, Ingram and Siegel represent another 38% of OS...these newly issued shares must be taken out of authorized and kept on hand by GTEL

So....approx. 776MM OS per last filing, add another 298MM for the above and none of this includes the class A preferred sold earlier in the year by Fordham Financial to raise 2.5MM...


776MM
298MM
_______

Total...1.074B accounted for out of 1.5B authorized...

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