On conversion (from the press release):
"As of November 7, 1997, there were 42,062,462 shares of Common
Stock outstanding. Included in this amount are 10,234,926 shares of
Common Stock that resulted from the conversion of an aggregate of
4,251 shares of Series A Preferred Stock (749 shares of Series A
Preferred Stock remain outstanding as of November 7, 1997) and
1,047,557 shares of Common Stock that resulted from the conversion of
an aggregate of 151 shares of Series B Preferred Stock (4,849 shares
of Series B Preferred Stock remain outstanding as of November 7,
1997). As of November 7, 1997 all Series A and B warrants remained
outstanding. "
So, nearly all of A preferred is converted and nearly all of B preferred
remains. And average conversion is about 2 1/2? |
