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Alias Born | 02/15/2012 |
Tuesday, June 26, 2012 11:36:18 AM
Here is what I was trying to understand better:
The Company has the following common stock equivalents at March 31, 2012 and
2011 respectively:
2012 2011
Stock options (exercise price - $0.50/share) 1,617,500 2,767,500
Warrants (exercise price $0.002- $1.50/share) 72,096,327 16,310,000
Convertible debt (exercise price $0.002- $0.02/share) 2,100,000 46,504,410
Total common stock equivalents 75,813,827 65,581,910
In the above table, some of the outstanding instruments from 2012 and 2011
contains ratchet provisions that would cause variability in the exercise price
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