WOW! We need help on 424B3- We need help from JF or someone who understands SEC filings really well. Read the following line very closely. I think the dilution could be way lower than anybody here is calculating. Much lower!!!!!!!!!!!!!!!!
"As of March 20, 2006, we had 3,805,420,606 shares of common stock issued and outstanding and convertible debentures outstanding that may be converted into an estimated 3,877,397,834 shares of common stock at current market prices, and outstanding warrants to purchase 20,339,1000 shares of common stock."
I believe the 3/20 price was less than a penny. They used .007.
The following is an example of the amount of shares of our common stock that are issuable, upon conversion of our convertible debentures (excluding accrued interest), based on market prices 25%, 50% and 75% below the market price, as of March 20, 2006 of $0.007.