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Re: dig space post# 179611

Wednesday, 06/17/2009 12:22:05 PM

Wednesday, June 17, 2009 12:22:05 PM

Post# of 249229
dig,

It was a mandatory conversion from preferred to common, which results in no cash to Wave. It changes the nature of the equity held by the PP participant. Wave will receive money when the warrants are exercised.

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