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TJG

11/06/08 9:11 AM

#4344 RE: Greenback305 #4343

that is correct Greenback, there has been no dilution based on those CD's...

krays

11/06/08 9:48 AM

#4346 RE: Greenback305 #4343

I believe that to be an incorrect statement. The SPA matures in 2009 but subject to certain restrictions and terms, principal and accrued intrest is convertible at any time after the registration of the underlying shares. The registration occurred in 2006. It is clear from the last financials (2007) that conversion has taken place.