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Re: yellowjacket post# 197467

Wednesday, 11/18/2009 12:41:34 AM

Wednesday, November 18, 2009 12:41:34 AM

Post# of 326350
"The Series C convertible preferred stock is currently classified outside of Shareholders’ Equity in the mezzanine section of our balance sheet. The change in estimate in the number of shares converted resulted in a reduction in the preferred stock outstanding of approximately $5.6 million, and a corresponding reduction in the accumulated deficit of $3.0 million related to the deemed dividends, and $2.6 million recorded as an increase to additional paid in capital." That $2.6MM should be $8.6MM IMO...it's a typo. The 10-Qs for the change in P-in-C. YJ.