Replies to post #4260 on Redwood Group International (RDWD)

[holter]

mythbuster, If they did not have to go 150 for one on the 12,000,000 shares and were one for one, then sold, they got a 150 x's increase in what their value was too ours. That is a sucky deal any way you look at it. Screw the sharehoders and make me rich. I don't like someone having so much free wheeling control of my money. Too late for me and the other suckers who put their money in way too early.

[jerseyboy]

Mythbuster (and everyone else),

I have just sent the following e-mail to Chad from Magellan. He promised me that he would have answers for me regarding my questions. I'll post what I find out.

Chad,

I'm the guy who just talked with you regarding the share structure. Basically what I'm trying to get my hands around is the following:

My understanding is the following: there are 16,000,000 common shares outstanding.

In addition, I understood that the 12 million Series B preferreds were to be converted shortly after the RS. Has that been done, and are they now in the common shares outstanding total as well?

Also, there were 1 million Series C Preferreds that were to be cancelled after La Jolla had been repaid. What is the status of these at this point?

Finally, are there any other potentially dilutive instruments that could impact the fully diluted share figure which would be used to calculate EPS?

Thanks very much for looking into these questions.