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To: nwest who wrote (1303)3/3/2008 3:00:45 PM
From: BarclayDonaldson  Respond to of 2396
 
nwest: look at the percentages. For 2006, revenue was very small as you pointed out. The dilution rate was 41%. Now look at 2007 ... revenues have grown by a large amount, yet they still diluted 38%. With such a huge revenue increase, one would expect a significantly lower dilution rate. Exactly how much revenue will they need to decrease the rate of dilution? Obviously, quite a bit.


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