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Hammack

04/19/10 2:45 PM

#117427 RE: Bernanke_nomics #117425

FYI-Your combined cost is a little off
All warrant holders that exercise their "B" warrant on or before September 11th, 2009 will receive 2 shares of restricted common stock for a total cost at $.003 or $.0015 per share.

Two for one before sept 11
A-1,000,000 x .0008 = $800

B-1,000,000 x .0015 = $1500

B-1,000,000 x .0015 = $1500
_________________________
3,000,000 = $3800

$3800 / 3,000,000 = .001266 average


After sept 11
A-1,000,000 x .0008 = $800

B-1,000,000 x .003 = $3000
_________________________
2,000,000 = $3800

$3800 / 2,000,000 = .0019 average