"I also see you are new to the board so maybe new to Sage. I will remind you that last time management had this right they did not exercise it. This was for the PP announced at the end of October, 2007. No sense giving a notice like this to your buddies I guess."

From the October 15 NR ... "All securities are subject to a four mnth hold period which expires Feb 16, 2008"

Therefore the warrants could not have been called prior to the end of the hold period.

After Feb 16, 2008, the longest period of time th SP was above $.28 was 9 days from feb 25 to March 6.

So management has not had the opportunity to utilise that option even if they wanted to.

On another note, I really feel sorry for those who bought the next PP 2 weeks later @ $.50. I bet those "friends" are licking their wounds.