Nicholas Investment Co Inc (fka NIVM)

[lowman]

sale proceeds available for distribution to the Company's shareholders of not less than $8 million that will be distributed as follows:"


· First, the holders of the Series A Preferred Stock will receive its stated value of $.50 per share, or $1.21 million in the aggregate.

· Second, the holders of the Common Stock will receive 12% of such available sale proceeds remaining after the Series A payment, and the 88% balance will be distributed to the holders of the Series B, C, D and E Preferred Stock as follows:

It appears after the $36M debt and liabilities are subtracted from the $48M, leaves approx. $12M. So, it then appears the "available for distribution" is between $8M - $12M, less the $1.21M.

Bottom side: $8M - $1.21M = $6.79M of which 12% will go to commons, of which there are 41.5M commons o/s. So, 12% of $6.79M divided by 41.5M = .01961

Top side: $12M....= .0294.

Leave it to the company to make sure all preferred s/h get well taken care of, first.

Not trying to call it a scam. Just trying to determine bottom line potential here. It is what it is. GL to everyone.