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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: Mike C2 who wrote (958)	5/28/1998 10:51:00 PM
From: Nathan Hansen	Respond to of 3458

Last count that I did was 33.5 million shares issued and outstanding, on a fully diluted basis. That was with the $10 million financing proposed at a conversion rate of $10.00 per share. (32.5 million o/s + 1 million shares for $10 million.) As the conversion rate was determined by the market price at the time of conversion, it is anyone's guess as to absolute numbers, post conversion. (because of the market slide from $10 - $2.25 range.) I AM ONLY GUESSING, SO PLEASE DON'T HOLD ME TO IT, there may be 34.5 - 36 million shares out on a fully dilluted basis now. The next information circular that will be sent to shareholders in advance of the next Annual General Meeting may provide the absolute true numbers. The caveat to this post is the fact that I do not know the number of shares issued pursuant to the conversion on the $10 million financing through GEM Advisors. cheers to all.