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Re: None

Wednesday, 07/31/2013 5:55:44 PM

Wednesday, July 31, 2013 5:55:44 PM

Post# of 26631
Anyone want to clarify this?

Corporate Presentation July 2013, states that 23,399,402 warrants expiring December 2013 ARE exercisable @ 1.3 shares each.
(Footnote #2 at bottom of page #7.) Share Structure under Investors heading on web site states that 23,300,402 warrants expiring December 2013 are NOT exercisable @ 1.3 shares each.

Share Structure further states that 157,600 warrants also expiring in December 2013 ARE exercisable at 1.3 shares, contrary to the Corporate Presentation which states they are NOT exercisable at 1.3 shares.

We are talking about a potential of 7,000,000 shares one way or the other. I guess it really doesn't matter since most will go away in December and all of them if we are below $0.60, but it is a bit confusing.

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