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Re: tobinator00 post# 21209

Friday, 11/23/2012 7:28:42 PM

Friday, November 23, 2012 7:28:42 PM

Post# of 68424
From 10Q


Diluted common stock share outstanding 58,227,100

the 21.9 million is included in the 80.3 million figure..the rest will depend when the option and warrants are exercised...you are counting the 21.9 million shares twice..

the balance is 7.3 million series 2 warrants , 712,716 non preferred warrants, 4.784 million ipo warrants 9.16 million vested and unvested options, 3.126 unvested restricted stock units

80,328,144 + 21, 956, 716 = 102,284,860 this is the fully diluted number




At September 30, 2012, the Company excluded from the calculation of its diluted net loss the following potentially dilutive securities: (i) 21,026,636 shares of common stock underlying shares of Series A Convertible Preferred stock prior to their conversion in full into shares of common stock during the period; (ii) 7,317,817 Series 2 Warrants to purchase 7,317,817 shares of common stock of the Company; (iii) 712,716 non-Preferential Reload Warrants to purchase 712,716 shares of common stock of the Company; (iv) 4,784,000 IPO Warrants to purchase 4,784,000 shares of common stock of the Company; (v) 9,160,429 of both vested and unvested options at $0.96-$5.50 exercise price, to purchase 9,160,429 shares of common stock of the Company; (vi) 3,126,667 unvested Restricted Stock Units (“RSU”) to purchase 3,126,667 shares of common stock of the Company and (vii) 30,250 unvested $0.01 options at to purchase 30,250 shares of common stock of the Company; (viii) 108,625 shares granted, but not vested. Also, the Company excluded from the calculation of its diluted net loss the following potentially dilutive securities outstanding as of September 30, 2011: (i) 21,026,636 shares of common stock underlying shares of Series A Convertible Preferred stock prior to their conversion in full into shares of common stock during the period; (ii) 250,000 Warrants to purchase 754,400 shares of common stock of the Company; (iii) 41,178 options to purchase 41,178 shares of common stock of the Company; and (iv) 4,455,154 shares of common stock granted, but not yet vested.