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To: cicak who wrote (31155)6/13/1999 8:01:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 44908
 
Accepted phillip(I offer mine as well,I admit, tact is not my stong suit)..Can't believe you found that post from November,,you've been busy..DD
To: REW (10176 )
From: Ditchdigger
Thursday, Nov 19 1998 5:53PM ET
Reply # of 31159

Thanks REW,
"The 2,500,000 is tied to a future stock price not yet printed for us. It was to be 3-5
months. At that predetermined date the stock price will be divided into the amount
utilized to determine the number of shares given. If all is used and the stock is at 2.50
then we have 1 million dilution. If the stock is at 5.00 then 1/2 million." this sounds like
a floorless debenture
Seems like dennis1 is a real knowledgeable participant, perhaps
he can elaborate on the details for us....DD
PS: what if the stock is at .10...IE. 25,000,000 shares on conversion?