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Re: clawmann post# 200557

Friday, 12/04/2009 8:13:11 AM

Friday, December 04, 2009 8:13:11 AM

Post# of 326354
They can get shares for a penny if the share price is .0125 within the last 10 day trailing VWA if they choose to convert these debentures. Last Q indicates that they may have stopped converting Series C and started converting Debentures.



Edit: Not sure why that pic is not displaying but the debentures from august 07 through July 08 carry conversion features at 80% of the trailing 10 day VWA price. They also have the earlist maturity dates.


http://www.sec.gov/Archives/edgar/data/1022701/000114420409059720/v165767_10q.htm


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