Bill, that was my experience with the debentures. I bought my first shares @ $1.00/share. They soon split after that. I wasn't following the stock prices too closely at that time but it was my understanding that the stock had split and we got the benefits of that split. After that time the next offering was at the shareholders meeting for $1.00/ share. We bought more then and bought more @ $2.00/ share after that. Hope this answers your question. SH