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Zeev, you are exactly right, we should slow down. Let's look at your first sentence. <<Suzzane, slow down, in the last SECdocument there were 17 MM share escrowed and the same document mentioned that 2 MM shares were released to the PP (if memory serves), same document was quite clear that said 17 MM shares were not outstanding the same document had a count of 80 MM share (and I presume that count already included the 2 MM shares released), I assumed that since then those left over 15 MM shares were "released" and became outstanding, if it is not the case, would you not want to know how between may 7 and may 29 the count went up by 15 MM shares?.>> Zeev, to be frank, I have great difficulty in following your logic. So I'll restate my position. The company does not consider the 15 million shares escrowed for the PP to be outstanding. The transfer agent, however, does consider these shares to be outstanding because the transfer agent and the escrow agent are not the same parties. Thus, until the debentures are converted, there will be a 15 million share difference between "outstanding shares" as reported by the company and "outstanding shares" reported by the transfer agent. This is what I thought to be the case, and this was confirmed today by Paul Henry. Regards, Suzanne |
