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Re: None

Wednesday, 05/28/2014 3:27:16 PM

Wednesday, May 28, 2014 3:27:16 PM

Post# of 163729
Call me crazy but i think that i may have figured IR out. There was an intial issuance of 435,000,000 shares. Those shares are subject to the adjustment with the VWAP of any five trading days (would have been 80% of the closing price less .002 but that is more than the five trading days we have been in). So let's say that that comes out to be .0025.

entitled to that number of shares of Common Stock (the "Final Amount") with an aggregate value equal to (a) the Claim Amount plus a 7% agent fee and reasonable attorney fees and expenses

to even it out let's say 2.5 million.

divided by 80% of the following: the closing price of the Common Stock on the date of entry of the Order ( i think was .013 but....
not to exceed the arithmetic average of the individual volume weighted average prices of any five trading days during the Calculation Period (I am saying .0025 so 80% is .00224).

So we take 2.5 million / .00224 = 1,116,071,428

So that is what IR is owed but they have already been given 435 million so what is left is 681,000,000.

So now we all know. What will this do the pps? Not sure. If they sale and bring the pps down, they will be hurting to make their money unless they have already sold their 435,000,000.

Of course I could be totally wrong and I have no idea what would cause this statement to happen:

At the end of the Calculation Period, if the sum of the Initial Issuance and any True-Up Shares does not equal the Final Amount, adjustments shall be made to the shares of Common Stock issued pursuant to the Stipulation and either additional shares shall be issued to Ironridge or Ironridge shall return shares to the Company for cancellation.