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Re: None

Wednesday, 12/01/2010 4:46:21 PM

Wednesday, December 01, 2010 4:46:21 PM

Post# of 65
12M available for Shareholder.

Series A will recieve .50 for sure
Total available Series A is 4M per last 10-Q of which 2,420,000 shares issued and outstanding

So that gives a total of 1.21M for Series A.

next comes 12% of the remaining available 10.8M is 1.3M.

"Second, the holders of the Common Stock will receive 12% of such available sale proceeds remaining after the Series A payment"


This will be distributed to the common Stock. So though there is 41M OS it depends on how many are really holding the shares now. which leaves that Minimum you will get at .032 per share if all the 41M share holders are available.IMO If not then it will be redistributed among the existing stock holders again which could be could be north of 10c. Looking at the way it traded today this could run big time tomorrow.

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