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03/30/12 11:04 AM

#16556 RE: nedagg #16546

2.5 billion is no of shares authorized, not issued or to be issued. 709 million outstanding + 55 million to be issued to settle convertible debt + 450 million to be issued as stock bonus + 300 million more if all warrants are exercised = 1.5 billion (fully diluted). If they are close to $15 million in Q1-12 (very optimistic though), the sp will fly and may be in the 5-10 cent range. Given the recent NRs, I guess their Q1-12 revenue may have exceeded $12 million. Just speculation on my part.