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Re: Internet_Hound post# 894

Friday, 08/12/2005 10:53:06 PM

Friday, August 12, 2005 10:53:06 PM

Post# of 965
What am I missing here?

http://biz.yahoo.com/prnews/050617/nyf028.html?.v=14

Prior to the share consolidation and closing of the merger, there were 292,163,720 shares outstanding. Post consolidation, there are approximately 2,921,700 shares in the public float, and 5,656,616 unregistered shares were issuable in connection with the merger for a total of 8,578,316 shares. Additional shares may be issuable to former Namergeco shareholders, depending on the attainment of certain milestones or upon the possible exercise of certain anti-dilution rights by former Nanmergeco shareholders, prior to Nanergy becoming a fully reporting company. Should all options and be exercised and all additional contingent shares are earned, the total outstanding shares on a fully diluted basis could aggregate approximately 48 million.

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