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mike_long

10/09/12 12:59 PM

#12965 RE: PayDirt! #12964

thats even more dilution. thats why this deal is so bad for
shareholders. if the investor never takes ownership of shares, that
means the price probably never got over 05, and definitely not
over 075. If the investor does take shares, thats dilution
(up to 17% on the warrants, and up to 10% on the debt conversion
if taken before any payments have been made).

27% dilution possible.