Hi again :)
Rounded off the 59,087,637 fully diluted shares (includes the convertibles) from the SEC form 10-Q
As of August 6, 1999, the Company had 27,147,152 shares of Common Stock outstanding, or 59,087,637 shares on a fully diluted basis. The number of shares outstanding on a fully-diluted basis takes into account (i) all outstanding shares of Common Stock, (ii) all outstanding shares of the Company's convertible preferred stock, together with all options to acquire such stock, (iii) all outstanding warrants to acquire the Company's Common Stock, together with such number of additional warrants which the Company would have been required to issue to the Interim Loan holders had the Interim Loan been repaid on August 6, 1999 so that such holders would hold warrants exercisable into 11% of the fully-diluted outstanding Common Stock on such date (as contemplated by the Interim Loan facility), and (iv) all outstanding options which had vested as of August 6, 1999 and which had an exercise price at or below the market price on such date.
Hope this helps.
Susie |
