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appendix 3b

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    My calcs

    Debt reduced from $2m to $790,000 (excellent)

    last conversion price was .0173 cents. (no comment)

    20,782,703 now likely to be sold at market rate. (damn it)

    Total notes now converted since November 45,820,935 (bugger)

    if we use the same discounted price of .0173 another 45,665,000 notes will converted to shares and probably dumped. (Grrrr)

    Likley total of new shares issed 91,000,000 (#@*^!)

    tbedon
 
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