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badrguy

02/08/07 12:10 PM

#2767 RE: 57tbird #2759

Wanna bet? Convertible notes fully "extinquished" were held by a Director or Officer, who recognized that converting their bond into BDGR stock would never be advantageous (i.e., BDGR's common shares are far out-of-the-money, relative to Conversion price).