at the most, but here is the thing. If Cornell didn't expect this company to succeed they would dump the shares and sell short, they aren't doing that, they are slowly integrating them into the O/S. They will also wait for better prices before they integrate them in my opinion. The shares don't mature until march 2009, so there is nothing forcing them to convert right now. Remember even at over a billion O?S, this stock is worth .011 pps if all 9 stores only average $100,000 net income and a 14x multiplier, thats what a macdonalds makes, so the shares are still way undervalued even with the future dilution.
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