The OTHER question is this: IF they converted the Preferred to Commons, what would the modified O/S be? Shouldn't there have been an increase to the O/S based on this? Per Pinksheets the O/S is still 1.7billion shares <a href="http://www.pinksheets.com/pink/quote/quote.jsp?symbol=WAMUQ" rel="nofollow" target="_blank">http://www.pinksheets.com/pink/quote/quote.jsp?symbol=WAMUQ</a> Conversion would have to increase this though....UNLESS they haven't converted yet. Thoughts? AJestir