"Average stock price on date of exchanges $0.526."
I think they did a good job considering what the stock is at now.
"Shares issued for debt exchanges 58.7 million"
"Since July 1, 2003, in a number of transactions, the Company exchanged, or entered into agreements to exchange, $73.3 million of its 5.5% convertible notes in exchange for 96.3 million shares of common stock. "
Do you think some of the people backed out cause there are still 37.6m shares somewhere in contracts? I wonder if those people are pissed!