Mee Too,I hope this explains it...* One CN has a Face Value of...

Mee Too,

I hope this explains it...

* One CN has a Face Value of $25K, subscription price of .001 and matures in Feb 2015 ($25k/.001 = 25m)
* Each CN has a free option attached exercisable at .001 with above maturity date.

Therefore:

One CN = 25m convertibles and 25m Options or 50m pieces of paper

If all converted and exercised:

23 X 50m = 1.15B new pieces of paper

I might add that if ALL options are exercised it would bring in additional $575k cash into the company.

Dilution is a necessary evil in a company trading at .001 but in the longterm, lets hope that it is insignificant!