>>> Dale, I rechecked the S-3/A and you are correct on the total dollar figure. The problem was, that the series 4 preferred were $100 each, not $1000. So, the correct number is $56,952,300 of preferred outstanding as of the last S-3 filing. <<< Troy, Thanks for pointing out my series 4 share price typo - (I can understand how that might have thrown you off). As you implied, the "typo" reference price was not used in my calculations. The correct price was. I went back and reviewed the numbers and all sums and totals appear to be correct, including the key $56,952,300 number. Regards - Dale |