``I don`t understand why management did not buy back all the convertibles to prevent those shares from entering the float in the first place``

Simply stated...S/L are probably not ready to give up their large position at this time and price.

If you yourself had something like 75mil. warrants that could be exercised for years down the road at almost zero cost...would you sell at todays price?

To get them to convert debentures and possibly stop them from exercising their options for more..I believe we had to concede double their holdings,reset their warrants, guarantee price levels(something like .15 if I remember correctly), give another 7 mil. warrants and possibly promise dividends. The 20 mil warrant buyback...from my post earlier today..I`m not sure about,but S/L were willing to take the money for at least 10mil. warrants now. Didn`t get any response to that nor the volume weighted avg. numbers for Feb. and Mar.(I don`t know how to come to the numbers or would have done it myself.)

Anyway..nice close as Ron pointed out. I was going to but at the time thought deaf ears, blind eyes...why bother. Was ready to hang at yahoo by myself.lol Better mood now so will say that I thought there was very good buying the past two sessions. Tho I don`t have the ratios..it looked much busier at the ask both days. Have a great weekend. joe