Dave/anybody,
I am confused, but absolutely delighted. The announcement states:
"The weighted-average number of shares outstanding
increased from 12,841,000 to 33,037,000 for the years ending December 31, 1999 and December 31,
2000, respectively. The increase in shares outstanding is a result of the conversion of all the Company's senior
convertible notes into common shares, the exercise of warrants and options, and the issuance of six million
shares in the two acquisitions."
On last count (March 2000) those options and warrants had caused the fully diluted number of shares to exceed 97 million. This statement clearly says "ALL". This is a substantial reduction of the dilution threat. When combined with the company's current cash position, it paints a rather comforting picture. All that remains is for actual sales to come in. But that is a whole different issue.
Am I missing something, or does anyone know anything to the contrary? |
