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SirFelix

05/31/05 10:22 AM

#14526 RE: ceres #14525

Is Dutchess selling? Am I reading this right?

"The selling shareholders intend to sell their shares of common stock in the market, and those sales may cause our stock price to decline.

The selling shareholders intend to sell in the public market the shares of common stock being registered in this offering. That means that up to 7,625,000 shares of our common stock, the number of shares being registered in this offering, may be sold. Those sales may cause our stock price to decline."

Selling Security Holder

Dutchess Private Equities Fund, II L.P. (1)(2)
4,530,000
Dutchess Private Equities Fund L.P. (2)(3)
3,020,000
Gary Cella
200,000

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Paul P

05/31/05 10:58 AM

#14529 RE: ceres #14525

Looks to me like it's just the third attempt at getting the filing correct for the convertible shares. Some interesting tidbits in there, especially if you compare the various versions.

A good way to check is to download RTFs for the various documents and compare them in Microsoft Word. Can't get it work this time, though.