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pitadog

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pitadog

Re: None

Tuesday, 06/14/2011 11:40:38 AM

Tuesday, June 14, 2011 11:40:38 AM

Post# of 19980
Whether the rise in the O/S is new shares for notes, or the conversion of previous notes, WTCT does get or did get "services", "the Fuel Reformer" ($504K note to Ryon recently), or cash for those shares. I don't know of any way to fully know if all the dilution since March is old note conversions, preferred share conversions, or new issuance for new notes. Time will tell.

Never the less, at the end of the day, the A/S was and continues to be diluted. How or when is just talking points. It all has the same effect on shareholder value.

glta

"For those who believe, no proof is necessary. For those who disbelieve, no amount of proof is sufficient."- St. Ingatius of Loyola

"And both positions are folly. Within the middle is the truth" -the old dog of Texas

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