InvestorsHub Logo
Followers 206
Posts 2082
Boards Moderated 0
Alias Born 08/03/2008

Re: None

Friday, 02/21/2014 10:55:09 AM

Friday, February 21, 2014 10:55:09 AM

Post# of 163725
Revised Share Structure Estimates:

Keep in mind none of this is verified, it's guesstimation work based on current data available:

- 50M Settlement Fee (issued 12 Feb)

- 33M (9.99% first tranche max issue based on 334M O/S) @ .0009 (15 Day averaged Valuation Period) = $29,700 / 50% = $14,850.

- 36M shares (9.99% max issue today based on 363M O/S) @ .0017 (new 15 Day average Valuation Period) = $61,200 / 50% = $30,600.

Totals:
$$ Issued: $45,450.00 out of $51K owed.
Shares Issued: 119M
New current O/S: 449M

Expectation: They’ll need to issue 1 further tranche. The amount of this tranche will depend on the Valuation Period but I expect PPS to maintain roughly where it’s been for the past 2 weeks, which is .0023, +/- .0005. I expect this tranche to come in sometime next week, probably mid-week, Tues or Weds. (they don’t want to wait too late). Let’s say the Valuation Period comes in at exactly .002. This would mean FROZ needs to issue 1 final tranche of 6M shares (6M x .002 = $12,000/50% = $6000; for a total valuation of $51K awarded to IBC at 50% discount).