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chwdrhed

10/23/03 4:18 PM

#49136 RE: Cassandra #49133

Wrong. I was looking at the options.

Actually, I can't make any of those numbers add up.
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24601

10/23/03 4:23 PM

#49137 RE: Cassandra #49133

Cassandra: In the definitive proxy, footnote 7 alludes to "warrants to purchase 500,000 shares," but does not narrow it down beyond "all officers and directors as a group."

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D03%2D006415%2Etxt&FilePath...

Best wishes,
John


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chwdrhed

10/23/03 4:32 PM

#49139 RE: Cassandra #49133

Here's what I come up with:


Numbers by individual:
- exercisable options - 966,667
- warrants - 0
- unvested options - 583,333

Number as a group:
- exercisable options - 1,287,500
- warrants - 500,000
- unvested options - 912,500

Obviously I don't know how this works.