Replies to post #2508 on Research Pit

[Jagman]

Waitedg, the kicker in the IDCO CD's is the statement, "at a conversion price of $0.60, subject to adjustment." That means to me the CD holder is probably guaranteed a percent discount so the $0.60 is not fixed. Also note in the 8-K, "we have reserved 130% of the number of shares of common stock otherwise issuable under the debentures and warrants to provide for adjustments as may be required under those instruments."

Hard to tell what the final dilution will be, if other OTC's are any example, it won't be good in the long term, IMO....