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davidam

06/03/10 6:08 AM

#177 RE: steeledge #176

Good thing about the reverse split is it took a great deal of shares away from the directors who left. There are Preferred shares that were chopped in half too. These shares must be converted because of a three year rule. Many already have been. total amounts to only about 1m. Bottom line our seller will likely have less shares because of the split