Replies to post #23587 on Value Microcaps Motherboard

[hweb2]

michael, re BTYH

I would also expect some additional dilution from the financing. But in the second half of the year, the company is looking to double the $1.5M in net income from the first half. So if Q3 and Q4 average $1.5M in net income, even if there are 30M shares O/S, that's .05/share per quarter. How many .80 stocks can say that?

[wadegarret]

michael t- BTYH - about your potential dilution figures

michael- I have just looked over the last 2 qtr of 10Qs. I have found nowhere where it says that there is $1.4M in convetable debt to be converted into common at the rate of 10 shares per $1 of debt. Please instruct me where to look and in what 10Q or 10K that's stated. Now, on the preferred shares-although I do see where in the 10Q, it is stated that the preferred is converatble to common shares at a 1:10 ratio, it also states that the company can redeem those 818K preferred shares at $1/share. Now, do you really think, the company wouldn't chose to redeem those shares for $818K instead of issuing over $7M worth of common stock? Wade