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Tuesday, January 15, 2013 4:51:46 PM
As of June 24, 2011, the total shares of Common Stock issued and outstanding and reserved for issuance upon the exercise of outstanding warrants, options, and the conversion of outstanding shares of preferred stock totaled 624,583,351 shares, including:
• 243,363,531 shares of Common Stock;
• 155,625,048 shares reserved for issuance pursuant to warrants to purchase Common Stock;
• 1,900,000 shares reserved for issuance pursuant to options to purchase Common Stock;
• 127,994,772 shares reserved for issuance upon the conversion of shares of our outstanding series of preferred stock; and
• 96,000,000 shares of Common Stock reserved for issuance pursuant to warrants issuable upon the attainment of milestones under certain agreements to which the Company is a party.
It is important to note IF the warrants are exercised, many of the warrants would result in money coming into the company.
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