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05/16/13 11:17 AM

#55189 RE: mightyducks #55188

Mighty, you know better than that....
Essentially the convertible shares act as warrants upon conversion; as they are converted at a higher and higher PPS this expense grows.

Per CC they have approximately 1.6m to go...for Q2; then it's all done.

This is negligible from any perspective at this point and time.