8-k filed http://biz.yahoo.com/e/100604/uchb.pk8-k.html (ignore the classic typos lol) so with the 3M newly issued, the new investor is in at .10 PPS with this 300,000$ triage. And if UCHB fails to repay him within 12 months, he can convert Wilcox's preferred shares, which essentially amounts to 9M extra common shares. GLTA