You are 99% correct, Jim. Its reverse split, not diverse split. And I predict massive dilution in the future (early 2013) when another round of convertibles hit, unless they can renegotiate the terms of the debt for equity swap. If not, we will see another reverse split. This is a good company, but a terrible stock. The time to buy is next year, just before the next round of convertibles has completed. All IMO, standard disclaimers apply.