Perhaps my theory is a bit flawed as I stopped at the 65 mil.
What is your take on this
for a new total of 65,046,916 of WWAG Common Shares outstanding immediately after the closing, and ten million (10,000,000), Series “B” WWAG Preferred Shares, which are convertible at AllCom’s option, to 450,301,590 of the newly issued WWAG Common Shares, representing eighty-seven percent (87%) ownership of WWAG, (the “Merger Consideration”).
This looks like 65 mil PLUS 450 mil at Allcom' option brining 515 mil as 87% meaning add another 13% or another 66.95 mil or a total of about 582 mil.
Now it looks like the 15 mil is yet less of the total.
582 mil / 15 mil = 38.8
Starting at 300000 shares becoming 15000 the added effect appears the 15000 becomes effectively 15000 / 38.8 = 387 shares of equivalent.
300,000 to 387 is looking like a 775 to 1 R/S effect. I sure hope You can fix the math to make this better!
Now I feel worse!
