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hweb2

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Re: gilead23 post# 22369

Wednesday, 09/14/2005 2:36:03 PM

Wednesday, September 14, 2005 2:36:03 PM

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gilead, re PDGE

I think the reason the share count will be going up is because the stock price is now much higher (and I'm assuming it will stay elevated through the end of Q3 on 10/31/05). That $5.5M worth of preferred stock is convertible at $1. Plus there are many warrants and options below the current price. Figuring out these calculations is not my strong suit, so I'm not sure what the exact number will be.



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