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krays

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krays

Re: yellowjacket post# 203090

Thursday, 12/17/2009 4:26:19 PM

Thursday, December 17, 2009 4:26:19 PM

Post# of 326388
The debentures issued prior to May 29, 2008 were originally issued with higher fixed exercise prices but because those debentures include full-ratchet anti-dilution provisions, their fixed conversion price was reduced to $0.01 as of May 29, 2008.

Page 8

http://www.sec.gov/Archives/edgar/data/1022701/000114420409027409/v149700_10-q.htm

Edit: interesting and I am just now noticing that the 10K did not disclose this statement and in fact showed the fixed conversion prices ranging from .01 to .15

"A man doesn't know what he knows until he knows what he doesn't know"

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