1. Goodheart's reading of the share count is correct. It's original purpose is to find out if retail shareholders, now at just a few shy of 100 out of some 3-6?)thousands, can muster the 10% to prevent the compulsary tendering in a TO. It's looks like we are around that redline (71.5 M shares). If 853M FD were used , as in this count, we would have 8.38%. If 673M OS were used then our percentage would be 10.6% (but don't jump up and down with joy, yet..wait for the little chick to come out first). With management's support (~18M shares) the corresponding numbers would be 10.5% and 13.3%, without counting the huge chunk of pts and wts. We would be in a better position if we can achieve 10% by ourselves assuming FD to be on the conservative side. That means we still need some 14M shares to reach our 10% goal.

2. WRT the current dual share proposal (50:1, etc) the share count can be used to gauge the strength of the "blocks", CLF, management, our share count chunk, and other major players who might have control of the opts and wts (258M...translated to about 30%) during your navel gazing before casting the votes. One speculation is that, if the strike prices of the opts and wts are around $0.10 somebody may just decide to exercise them anyway to get a few more votes. They may not be in-the-money, but still very cheap for CONTROL in a TO (the two previous valuations put KWG way above the current (and ridiculous)$0.075 (bet that none of us has been selling). Note: These valuations was done before the realization of the RR and BD recent values.

3. This is to acknowledge that of the share declarations by squash, kennnr, and harryd are noted and they will appear in the next count. Anyones out there have 14M shares to declare?

goldhunter