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kevinaok

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kevinaok

Re: rocky301 post# 13722

Friday, 07/22/2005 10:55:30 AM

Friday, July 22, 2005 10:55:30 AM

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Rocky - I am sure I must be misunderstanding something on this one. Are you saying for a 500K investment that Mr. Siegel will end up with 1,166,666 commons shares? Which works out to a little less than 43 cents a share when the current share price is over $2.00.

If the above is true, why would GTE not just sell 250K common shares (let's go low at $2.00 a share) and get the same amount of money with alot less dilution?

TIA
Kevin
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