"As of November 30, 2006, we had warrants outstanding to purchase 29,921,015 common shares at exercise prices ranging from $0.02 to $1.00 per share, expiring at various dates through 2012. Some of those outstanding warrants were not exercisable as of November 30, 2006 as they are subject to meeting vesting criteria. During the six months ended November 30, 2006, we issued no warrants to purchase shares of common stock, investors exercised warrants to purchase 272,500 shares of common stock for proceeds of $72,250 and the Company had investors exercise warrants of 22,732,380 to purchase 22,459,880 shares of common stock on a cashless basis."

 

Still had a boatload of unexpired warrants as of Nov 30. Average fully diluted for the 3 months doesn't make sense to me. Can't be the same as the basic outstanding.