On January 12, 2010 a total of 2,500,000 warrants were exercised for 2,500,000 common shares of Spider at $0.05 per share for gross proceeds of $125,000 .

On March 16, 2010 total of 1,111,000 warrants were exercised for 1,111,000 common shares of Spider at $0.10 per share for gross proceeds of $111,100. In addition, a total of 200,000 warrants were exercised for 200,000 common shares of Spider at $0.05 per share for gross proceeds of $10,000 .

On March 17, 2010 a total of 161,666 warrants were exercised for 161,666 common shares of Spider at $0.05 per share for gross proceeds of $8,083 .

On March 18, 2010 a total of 1,500,000 warrants were exercised for 1,500,000 common shares of Spider at $0.05 per share for gross proceeds of $75,000. In addition, a total of 150,000 warrants were exercised for 150,000 common shares of Spider at $0.03 per share for gross proceeds of $4,500 .

On March 19, 2010 a total of 2,800,001 warrants were exercised for 2,800,001 common shares of Spider at $0.03 per share for gross proceeds of $84,000. In addition, a total of 416,666 warrants were exercised for 416,666 common shares of Spider at $0.05 per share for gross proceeds of $20,833 .

On March 22, 2010 a total of 833,333 warrants were exercised for 833,333 common shares of Spider at $0.05 per share for gross proceeds of $41,667 .

This is all good, just wait for $0.1 warrants to be exercised and additional 2,5 M$ cash for SPQ with 2,7M$ that SPQ already has. That is lot of money and further dilution is not necessary...