Thanx Dusty, I've read and tried to digest the explanation and feel I may be 1/4th of the way to total clarity. BUT:
When looking for the share data I ran across this which answered one of my questions about how much of the GGI pot have we tapped. BUT, does this mean to say “shares were issued” or debentures were issued”
During 2005, a total of 6,797,000 shares were issued related to the warrant providing us $7,409,203.
My confusion lies within the following paragraph. Do we have 3.3 billion O/S AND over 5 billion shares obligated for debentures?
As of December 31, 2005, we had 3,291,733,490 shares of
common stock issued and outstanding and convertible debentures outstanding that may be converted into an estimated 5,015,487,805 shares of common stock at current market prices, and outstanding warrants to purchase 8,203,000 (out of an original 15,000,0000) shares of common stock. In addition, the number of shares of common stock issuable upon conversion of the outstanding convertible debentures may increase if the market price of our stock declines. All of the shares, including all of the shares issuable upon conversion of the debentures and upon exercise of our warrants, may be sold without
restriction.
Interesting……..We currently own approximately 40,000 titles and approximately 97,638 copies.
AI
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