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Re: brightguy post# 49071

Monday, 09/15/2014 3:57:49 PM

Monday, September 15, 2014 3:57:49 PM

Post# of 71937
Assuming quite a bit for the IPO. If it ever happens they HOPE to get an offer price of $1 but may not, and hope to sell all 15M shares but probably won't. IMO it will be far less and trickle quickly to .0001.

From filing:
We are selling up to 15,000,000 shares of our common stock, par value $0.0001 per share.

This is our initial public offering, and no public market currently exists for our common stock. Upon completion of this offering, we will attempt to have our common stock quoted on the Over-the-Counter Bulletin Board, or the OTC. To be quoted on the OTC, a market maker must apply to make a market in our common stock. As of the date of this prospectus, we have not made any arrangements with any market makers to quote our shares, and there is no guarantee that our shares will ever be quoted on the OTC.

The offering is being made on a self-underwritten, “best efforts” basis. The shares will be sold on our behalf by our Chief Executive Officer, Garth McIntosh. He will not receive any commissions or proceeds for selling the shares on our behalf. There is no minimum number of shares required to be purchased by each investor.

All of the shares being registered for sale hereby will be sold at a price per share of $1.00 for the duration of the offering. Assuming all shares being offered are sold, we will receive $15,000,000 in gross proceeds. There is no minimum amount we are required to raise from this offering and any funds received will be immediately available to us. There is no guarantee that this offering will successfully raise enough funds to institute our business plan. Additionally, there is no guarantee that a public market will ever develop and you may be unable to sell your shares.

Use of Proceeds:
We will receive net proceeds from this offering of approximately $14,875,000, assuming an initial public offering price of $1.00 per share and after deducting estimated offering expenses.

Read more: http://www.nasdaq.com/markets/ipos/company/canwealth-minerals-corp-866610-72981#ixzz3DPqRRJLD