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To: boundtb who wrote (956)1/23/2008 10:59:50 AM
From: Ted M  Read Replies (1) | Respond to of 2396
 
You wrote: "The 20,000,000 was for debt reduction, yes, but I do not see this with great concern, because it is has value, received as an acceptable form of payment and it has mitigating/offsetting effects on earning per share."

What is the offsetting effect you are referring to? Dilution is never good for EPS, as I see it. However, I'm not overly concerned about it because the debt owed is spread out and not real high at this time. Also, I agree that it could have been worse--some kind of floorless convertible for example. I'm just asking out of curiousity. Thanks.

tedm