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marich

04/15/10 7:58 AM

#2523 RE: Potse #2522

I'm still trying to get a grip on this. Are you saying that the current 0/S of 120,000 shares has the potential to be diluted by millions of shares from this convertible note, the face value of which was only a few thousand dollars? That doesn't make any sense whatsoever, so I must not fully understand your explanation. That scenario would seem to marginalize the existing shareholders into oblivion. Help!!!!

I also would appreciate comments from the "old timers" here regarding the warrants for the attorney compensation. The small # of warrants and the high strike price would seem to indicate an expectation by the company, at some point, of a $10.00 pps or better.