hmm, looks like you're right and i'm wrong.
with certain insiders of the Company who placed an aggregate of 13,499,274 shares of the Company’s common stock into escrow
Series A Convertible Preferred Stock, No Par Value, 14,000,000 Shares Authorized, 11,092,925 and 0 Issued and Outstanding as of March 31, 2010
and June 30, 2009 (Liquidation Preference of $12,202,218 as of March 31, 2010)
Common Stock, No Par Value; 500,000,000 Shares Authorized; 87,552,711 and 81,852,831 Issued and Outstanding, 13,499,274 Shares Held in
Escrow Subject to Contingent Future Events, as of March 31, 2010 and June 30, 2009
13,499,274 warrants
87,552,711+13,499,274+11,092,925
=
111.9M shares
readjusts my estimate to
$0.857 EPS for 2011
FP/E of 2.33