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Gold/Mining/Energy : Golden Eagle Int. (MYNG)
MYNG 0.0700+5.7%Feb 21 4:00 PM EST
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To: ge-believer who wrote (30284)1/5/2003 5:34:01 PM
From: Claude Cormier  Read Replies (2) of 34075
 
GE-believer,

Well I meant that at the time they were granted, March 2002 I think, there were only 200M shares outstanding, more or less. So 45M shares represent almost 25% of the capital stock at the time.

Granted on the fully diluted capital, that is if the holder of the debentures (You? if I believe a poster on this thread) convert his credit position to capital stock, these options will be only 10%plus of total outstanding.

<Otherwise, I think your understanding is correct.>

Thanks for confirming my interpretation.
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