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Re: locksflooring post# 106648

Wednesday, 10/22/2014 5:50:32 PM

Wednesday, October 22, 2014 5:50:32 PM

Post# of 163725
Very key

IV is prohibited from receiving any shares of common stock that would cause it to be deemed to beneficially own more than 9.99% of the issuer’s total outstanding shares at any one time. IV received an initial issuance of 435 million common shares, and may be required to return or be entitled to receive shares, based on the calculation summarized in the prior paragraph. Based on the $0.0182 per share closing price on the day of the settlement, IV would be entitled to approximately 202,937,000 shares. For purposes of calculating the percent of class, the reporting persons have assumed that there were 3,942,664,924 shares of common stock outstanding immediately prior to the issuance of shares to IV, such that 202,937,000 shares issued to IV would represent approximately 4.9% of the outstanding common stock after such issuance.