not quite...tack on 593M from the table above that
that is assuming the share price was $.0125 at the beginning middle and end of the conversion...constant. Given that we started at +$.05 who knows how much more there is to go. They could be close to done now....or they could have 50% to go...who knows. And then there is the issue of the 8k they released in January...it basically says that NO securities related to the financing in OCT 2005, JUL 2006, DED 2005 and MAR 2006 have been done. This would mean that all this dilution has only been for the convertable notes from SEP 2004 and APR 2005 (see the tables on page 14 of the SB2).
If that's the case we are in a world of hurt...that would imply that at current share levels we have a minimum of 213M to go (probably more). Ouch.
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