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Re: mcmike post# 770

Tuesday, 08/23/2005 11:01:09 PM

Tuesday, August 23, 2005 11:01:09 PM

Post# of 3715
mcmike, actually it is 219M shares. Add the 69M to the 150M and you will get the 219M shares!!! It's in their 10K, one has to sit down with a paper and pencil, write down the details and one will arrive at the answer. I'll see if I can pull the numbers together.

Now when CCE is granted the 10% of A/S warrants, that'll add 30M shares to the dilution for grand total of 249M. Now it does not state warrants expiry date. It must be under negotiations. I doubt they will convert at closing. So they will be scrambling for capital!

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