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rocky301

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rocky301

Re: kevinaok post# 7668

Thursday, 03/17/2005 11:30:53 AM

Thursday, March 17, 2005 11:30:53 AM

Post# of 157300
kevin,

On January 25th or so the SB-2 stated 150MM shares had been converted to common from the preferred A stock that was only 62% of the total. I would find it hard to believe the rest have not converted, why wouldn't they? So that total alone is 250MM....NO INSIDERS involved with that transaction...

SB-2...26MM shares of GTEL went to SNWR holders..NO INSIDERS involved there either...the remaining 52-53MM are for the warrant holders

Last S-8 was 32MM for employees, directors and consultants..it wasn't spelled out who gets what...

So at a bare minimum 276MM shares did not involve insiders..

Yes, the insiders have to file a Form 4 when they sell, as I mentioned in previous post I am NOT talking about insiders...hope that helps some...rock


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