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Re: War_Eagle215 post# 2924

Thursday, 08/06/2009 4:42:29 PM

Thursday, August 06, 2009 4:42:29 PM

Post# of 3071
From the 6/24 S-1

"Our Articles of Incorporation authorize the issuance of 436,363,650 shares of common stock, $0.001 par value per share. As of June 16, 2009, there were 80,257,123 outstanding shares of common stock."

plus there's a potentially large overhang of convertible debentures at a large discount to the bid looking backward for 10 days (I think, you can check the SEC filings to get the exact deal).
So whatever the number currently outstanding, you'll have to account for the debentures and you'd have to guess at the price of the stock if/when those get converted. There are also some options and warrants, but they're likely all under water.

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