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bitty

02/24/10 9:18 AM

#584 RE: moneytome #583

SIRI is 3.8 Billion/Citigroup is 22.8 Billion! We are a lot less than both and make more money than SIRI. Siri is $1.13 right now. Hope this puts it into perspective.
:)

Seminole Red

02/24/10 9:43 AM

#585 RE: moneytome #583

Outstanding Shares and Market Capitalization

On Friday, February 19, 2010, substantially all of the company's outstanding Class A convertible preferred stock automatically converted to common stock as a result of stockholder approvals obtained at the February 17, 2010 special stockholder meeting. The aggregate number of outstanding shares of the company's common stock was 1,020,745,435 and the number of remaining outstanding shares of preferred stock, not yet converted to common stock, was 150,569. The outstanding Class A convertible preferred stock will convert, at a future date, to common stock at a rate of 220.28 common shares for each preferred share, which is equivalent to an additional 33,167,339 common shares. Using the aggregate number of common shares, including the Class A convertible preferred stock on an as-converted basis, of 1,053,912,774 and the February 22, 2010, closing price on the NASDAQ exchange of $0.36 per common share, the company's total market capitalization was approximately $380 million as of that date.