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Thursday, 01/14/2010 6:07:02 PM

Thursday, January 14, 2010 6:07:02 PM

Post# of 326388
According to YA's beneficial ownership filing, they seem to believe that they hold more Series C than the company does. Last 10Q reported 9859 and subsequent events reduces that by another 700 leaving a balance of 9159. According to YA's filing they say that they own 14,113 for a difference of 4,954 Series C. Guess that conversion below par issue is not yet fully resolved!
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As of September 30, 2009, 12,141 shares of the original 22,000 shares of our Series C preferred stock have been converted into our common shares, leaving 9,859 shares, with a face value of $9.9 million outstanding.

On October 13, 2009, 300 Series C preferred shares were converted into 30 million common shares. On October 19, 2009, 100 Series C preferred shares were converted into 10 million common shares. And on October 23, 2009, 300 Series C preferred shares were converted into 30 million common shares.

http://www.sec.gov/Archives/edgar/data/1022701/000114420409059720/v165767_10q.htm
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Series C 8% Convertible Preferred Stock (9) 02/15/2009 Common Stock 14,113 $ (10) D (4) (7) (9)

http://knobias.10kwizard.com/filing.php?param=&ipage=6696283&DSEQ=1&SEQ=&SQDESC=SECTION_INSIDER&exp=

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