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BobSinCA

05/29/15 12:23 AM

#36688 RE: MarketCap #36681

You need to review your share arithmetic.

Shares O/S at 3/31, about 297M.

In addition:

- 27M preferred shares O/S to be converted to common.

- 60M+ common shares given to top management already, 'pending A/S increase.'

By themselves, those two items take O/S to 385M shares, plus company has committed to give top management 10M more common shares each year.

Then, there is the convertible debt you mentioned. Take $500K. To convert that at .016 per share, say, would take another 30M shares.