Let me correct myself, on the number of allocated shares that I reported on. The numbers I used did not include all the debentures that are in existence at this time.
Page 68 of the filing, gives the totals for those debentures, which when added up totals 5,851, 551,000 shares if all the debt was converted.
That chart does not include the over 1 billion shares outstanding. Neither does it include the 115,000,000 employee options in my previous total. So now the total count is over 7 billion shares if my math is correct.
""The following table reflects the number of common shares into which the convertible instruments and warrants are convertible or exercisable at December 31, 2007:
Series C
Convertible August December March August
Preferred 2006 2006 2007 2007 Other
Stock Debenture Debenture Debenture Debenture Warrants
(in thousands)
Common stock warrants 75,000 175,000 42,000 125,000 75,000 22,825
Embedded conversion feature (1) 2,166,031 943,396 471,698 1,420,695 334,906 0
Total 2,241,031 1,118,396 513,698 1,545,695 409,906 22,825 """" |
