@dys1 -ownership of Swartz - gcduck
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Message: @dys1 -ownership of Swartz - gcduck
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Hm...I don't understand your numbers:
32,248,173 minus 23,845,100 warrants equals 8,5mio shares, not 25mio
Read my post: http://www.agoracom.com/ir/patriot/messages/578055
From the 10K:
"At May 31, 2007, we had warrants outstanding to purchase 12,060,915 common shares ...During the year ended May 31, 2007, investors exercised warrants to purchase 1,272,500 shares of common stock for proceeds of $172,250 and investors exercised warrants of 40,000,805 to purchase 38,681,396 shares of common stock on a cashless basis."
If you take away the 7mio warrants from Swartz, there are still 5mio warrants left - the number the BoD-member and others hold...
Or what do I misunderstand here??
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Sep 14, 2007 07:54AM
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