Global Thermoelectric - SOFC Fuel cells (GLE:TSE) Message Board

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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)

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To: Scoobah who wrote (2977)	8/12/1999 12:16:00 PM
From: StockPro	of 6016

"if someone would post the true shares outstanding on this, we'll give it another go." According to the Management Information Circular filed recently at SEDAR ... As at July 30, 1999 22,441,240 were issued and outstanding ... Based on the date above, that would account for (and include) all warrants recently exercised and the conversion of the preferred share series. The only dilutive shares would be the stock options held by management and insiders, which numbered 930,000 (at various prices between $0.28 and $1.15 - gee, do you think those will get exercised as the expiry dates come up???) as of March 31, 1999 according to the Annual Report also recently filed at SEDAR. That would make the number of fully diluted shares = 23,371,240

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