Thank you and I have taken the opportunity to copy and paste the actual footnote which proves you have misread the proxy. Credibility is so very important.
(3)
The beneficial ownership of Carlton M. Cadwell includes the shares beneficially owned by the Cadwell Trust, as such shares may also be deemed to be beneficially owned by Mr. Cadwell. The beneficial ownership of Mr. Cadwell also includes: (i) 500,000 shares issuable upon exercise of options held by him; (ii) 29,782,119 shares issuable upon conversion of convertible notes held by him with fixed conversion prices; and (iii) 222,689,540 shares issuable upon conversion of a convertible note held by him with a conversion price that is dependent on the market price of the Company’s common stock prior to conversion, which for this purpose has been assumed to convert on September 23, 2014.