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YankeeAce

06/08/06 5:56 PM

#1364 RE: straightforQ #1363

Based on what I can tell our O/S is about 726.5M and our A/S is 1.5B, but that might be slightly dated. With the recent push for growth and contracts that have not yet resulted in cash flow we could see a slightly higher O/S. As more and more contracts roll in there will be less and less need to any further dilution. Plenty of room left to grow with 750M shares available.

We did convert all but $49,000 of the convertible debt though so I am not 100% certain if that is in my calculations or not. I beleive that was the increase in my notes from 699.7M to 726.5M but not positive. Interest expense must be under $500 a month now so we should start to approach profitability quicker. Just gotta keep them contracts rolling. Come on R&R sling this puppy.