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finance lizard

07/28/07 5:01 PM

#13835 RE: stevo51 #13833

Stevo.. thanks! Sorry I wrote my question before reading what you had posted earlier. I think that is a pretty reasonable analysis. It would be nice to see those shares get eaten up at a higher price to keep the OS below 400M...

the faster we climb the better off we all will be in the long run.

the longer we hang out in this range or lower obviously the worse off we will be from a share structure perspective.... thats why I was very pleased with friday's 10% gain.

hope to keep this momentum.

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deeeg2

07/28/07 8:06 PM

#13858 RE: stevo51 #13833

Whats the confusion here. per the last 8k there is 368,626,011 shares of common stock issued and outstanding



Between July 3, 2007 and July 20, 2007, Highgate converted aggregate of
approximately $527,850 of the 10% Secured Convertible Debentures that have
converted or in the process of converting into an aggregate of 182,526,132
shares of our common stock at an average price of $.00276 per share. As a result
of such conversions, the Company currently will have an estimated aggregate of
368,626,011 shares of common stock issued and outstanding