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[QUOTE]Originally posted by trade4food: [QB] According to the excerpt from PAGE 24 of the link TLW provided it would appear they don't have to wait three years; The Continuously Adjustable Conversion Price Feature of Our Callable Secured Convertible Notes Could Require Us To Issue A Substantially Greater Number Of Shares, Which Will Cause Dilution To Our Existing Stockholders. Our obligation to issue shares upon conversion of the Callable Secured Convertible Notes is essentially limitless. The following is an example of the amount of shares of our common stock that are issuable, upon conversion of the Callable Secured Convertible Notes (excluding accrued interest), based on market prices 25%, 50% and 75% below the current conversion price, as of January 11, 2006, of $0.04: %Below Price Per With Discount Market Share at 50% ------ ----- ------ 25% $.0325 $.0163 50% $.0217 $.0108 75% $.0108 $.0054 As illustrated, the number of shares of common stock issuable upon conversion of our Callable Secured Convertible Notes will increase if the market price of our stock declines, which will cause dilution to our existing stockholders. Interesting since some shares did go through yesterday at .0108 [/QB][/QUOTE]
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