as of 12/31/10 - $4,422,000 of notes can be converted in 2011, $229,000 in 2012 and $25,130,000 in 2013.
The majority of the July 2009 and September 2009 notes state they have a conversion rate of $.16, but they also say the conversion price was reset on January 1, 2011.
i think the total number of shares that can be dumped on us to convert all these notes is somewhere around 311.4M i'm just not sure if these figures factor in the last r/s
"At December 31, 2010, the Company had 3.3 million shares of common stock outstanding, 0.2 million shares reserved for the conversion of convertible preferred stock and the exercise of outstanding RSUs, 42.4 million shares reserved for the conversion of outstanding warrants and debt warrants, 186.1 million shares reserved for the conversion of convertible notes and 82.7 million additional shares of common stock underlying convertible note purchase rights."
the scariest number out there right now is this now....
available for issuance - 100,005,000,000, consisting of 100,000,000,000 shares of common stock and 5,000,000 shares of preferred stock.
