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Outstanding Securities of I-Link
I-Link has issued 18,959,431 shares of common stock, and numerous options, warrants, debt and shares of preferred stock that may be exercised for, or converted into, shares of common stock in the future. As of the date of this Proxy Statement we have reserved 67,697,626 shares of common stock for issuance in the future,as follows: {Winter harbor will own 69.9% of the total potential dilution of 86,657,057 shares}
* 44,051 shares of Class C Preferred Stock, convertible into to 1,057,224 shares of common stock
* 960 shares of Series F Preferred Stock, convertible into 4,841,638
shares of common stock
* 4,400 shares of Series M Preferred Stock, convertible into 6,698,623 shares of common stock
* Winter Harbor Warrants, exercisable for 17,540,000 shares of common stock
* $7,768,000 of Winter Harbor Convertible Debt, convertible into 3,820,954 shares of common stock
* Winter Harbor Warrants (contingent on debt conversion) exercisable for 5,000,000 shares of common stock
* JNC Warrants exercisable for 350,000 shares of common stock
* Other Options and Warrants, exercisable for 10,194,942 shares of common stock
* Winter Harbor Financing Arrangement Warrants exercisable for up to
11,000,000 shares of common stock (reserved for issuance under Proposal 1)
* 20,000 shares of Series N stock (convertible into 7,194,245 shares of common stock) |
