From the recent SB-2
Warrant
Shares We Are Registering
We
are
registering 7,000,000 shares issuable on the exercise of warrants or options
issued between April 26, 2004 and June 5, 2006. [which has IMO been the SOP here, get rid of warrants, OS increase.. nothing new]
Additional
Shares We Are Registering
We
are
also registering 11,810,108 shares that are issued and outstanding.
Key
Facts
|
Shares
being offered
|
|
18,810,108
(4.89% of our shares currently outstanding as of November 30,
2006)
|
|
|
|
|
|
Total
shares outstanding prior to the offering as of November 30,
2006
|
|
384,322,318
|
|
|
|
|
|
Total
shares outstanding assuming completion of the offering
|
|
391,322,318
|
As you can see by the math only 7 mil shares will actually be added to the OS.. not 18 mil
corrections welcomed
