I am not quite as pessimistic as you. With $8 million in
2002 revenues from Onstar all but guaranteed, a nice small
company of say 30 people could be sustained while looking
for a VUI niche. At the moment that is definitely not the
plan. Kathy Layton told us at her presentation on Sep 11
that developing the software suite is the game plan. The
small Onstar-centered company would probably have trouble
maintaining the current market cap.
 
The 8K is a bit misleading. It mentioned that the D and F
conversion prices were last set at $0.81 and $1.09.
However, they are not converting at those old
prices. See the table at the end of the filing for the
key numbers in my table below. 

	D	F	Preferred Cost	Shares	      $/Share	Eff $/Share
Fisher	63	90	 $1,530,000.00 	1,898,061.00	 $0.81 	
Wingate	42	60	 $1,020,000.00 	1,265,375.00	 $0.81 	
Total  105	150	 $2,550,000.00 	3,163,436.00	 $0.81 	 $0.68

Take care.