Replies to post #33170 on Fuse Science Inc (DROP)

[jdews]

TAC --- IMO, Bgrass is getting his information from the 10K. The sections I think he is concerned with is as follows:

The “market overhang” from our outstanding options, warrants and convertible securities could adversely impact the market price of our common stock.

As of the date of this report, we have approximately 63,881,000 shares of common stock issuable upon exercise of outstanding options and warrants and conversion of outstanding Notes. Such “market overhang” could adversely impact the market price of our common stock as a result of the dilution which would result if such securities were converted into shares of common stock.

Common stock issued for:
Convertible notes payable - - 45,248,995 45,249 4,014,187
Deferred consulting fees - - 1,900,000 1,900 (1,410,025 )
Other - - 769,000 769 2,288
Detachable warrants – cash - - 14,738,932 14,739 1,738,903
Detachable warrants – noncash - - 8,431,184 8,431 317,783