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PvG, we were at 59, 300, 334 recently and with the 8,965,000 preferred,eventually can be converted into 35,860,000 shares that gives us a current dilution of 98,746,334 or about 1.254 million shares left, depending upon how you slice it, whether they issue oh say 75 million common and convert each July, and then when they need more room just authorize more or what. I tend to believe the path of least resistance will be a buyout which means 100 million should be it. BUT this guys are known to be just a little "crafty" so one day we'll find out. |
