spending time out on the road. So you’re probably going to see us focus more near-term on trying to do it this way.

BILL BUNN: All right, thank you.

OPERATOR: Your next question comes from Dan Wesson, of Axiom Capital.

DAN WESTON, AXIOM CAPITAL: Yes, hi. Good morning, guys.

MARK LAYTON: Hi.

DAN WESTON: I’m fairly new to the story here. But can I just take a second and go through the pro forma capital structure as it stands right now?

MARK LAYTON: Sure.

DAN WESTON: Of a fully diluted share count.

THOMAS MADDEN: OK. Currently we have approximately 41.4 million shares outstanding. In addition, we’ve got about 5.5 million options that are — have been issued.

DAN WESTON: (INAUDIBLE) average.

THOMAS MADDEN: It’s probably in the $1.20 to $1.40 range. I don’t have that exact number here.

DAN WESTON: And the debt figure — the total debt figure pro forma is right now?

THOMAS MADDEN: Give me one second on that. It’s going to be approximately 30 million.

DAN WESTON: Thirty million of total debt including whatever eCOST had if any?

THOMAS MADDEN: That’s correct.

DAN WESTON: OK. And the ultimate cash figure is inclusive of whatever eCOST had on their books.

THOMAS MADDEN: OK, as of the end of December eCOST cash as it — based on historical presentation was approximately 2.5 million. So you would add that to our balance. Just to note, however, eCOST, as many retailers do, includes in their cash balance credit card receivables that are — for orders that have occurred and, you know, payment is in transit to eCOST. PFS has historically not recorded that as cash but instead as a receivable. So we will be working to evaluate how some of that credit card cash previously reported by eCOST will be reflected in our numbers.

DAN WESTON: And did eCOST generate any EBITDA on their own in fiscal ‘05?