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kittystwigster

06/15/11 2:25 PM

#546 RE: IRBeach #545

Beach,

1. It appears we are going backwards in our discussions regarding the fact that Warrants were exercised at .01; and not at the Original strike price of .065 back in 2007 as you previously stated and later acknowledged.

2. Back in 2007, the price was as high as 45 cents, briefly touched 4 cents but mainly traded above 10 cents. (I'm looking at a 5 year chart and eyeballing)

3. I will submit that NO previously unexercised Financings/Warrants with Reset provisions (all Debentures) will be exercised at a price above 2 cents; and most likely will be exercised under 1 cent.

I'm still interested in my original question posed to you that started these last few posts, ie.. what price do you see for our stock, regardless of the financings, and based on the product success you forsee us having and from capturing some amount of that $500M you indicated was out there in the Space we are targeting.

Thanks
kitty