V - they filed for 145mm in the quarter but shares were much lower then so you would not have added the warrant holders into the total dilutive count then. I believe one class of the warrant holders has a strike of $.12 so now we would add them in. This will be listed in the upcoming Q shortly. However you are correct about dilutive not being a good thing, but I would try to view this as not so bad. You understand that the converts into shares are bond holders that require interest payments and balance being repaid at some point? With FUSE being a start-up they are not cash flow positive so what choice do they have? They can't raise cash by issuing stock so they are issuing debt that is convertible into shares. The positive side is as these debt holders convert to stock Fuse doesn't have to pay them back in cash. Yes I know its bad either way but how do you propose they raise cash to expand their business?
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