The current OS is about 390MM. Once all warrants are converted, the OS will be about 420MM. The dilutive effect of the conversion is about 7.5%, or about a $0.04 reduction in the current share price.

So, is it really worth the time and energy to rehash the warrant issue now? Is the difference between $0.58 and $0.54 really so important that it merits so much discussion?

By the way, as many have indicated as of late, this has to be one of the highest quality message boards around. Thanks to all the contributors -- even those that I do not always agree with!

Best regards.