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stillafewleft

05/15/09 4:50 PM

#3836 RE: jcljack25 #3835

Clarification please from someone who knows more than I regarding preferred shares and warrants ...

In the 10Q series "A" and "B" preferred shares are mentioned. From the 2/24/06, 8/3/06, 6/18/07 8K's that described them all associated warrants have expired. Given no outstanding associated warrants series "B" shares are 1 vote each. Series "A" shares continue as 50 votes each. I am not complaining - it is reasonable for this management which has worked long and invested heavily to retain control and I am happy to have their interests aligned with company progress - just want to understand the voting structure and confirm the current absence of outstanding warrants. Is that correct or am I misreading?

TIA
Hank