I rechecked it, per your request. It's flawless. The only variable is how many shares the "strategic investor" gets post split.
I WAG'ed 30 million. That's 33 cents per post split share with a $10M investment. It is looking like the share price will be in the 10-15 cent range post split, so it's even possible that the cash is higher or the shares are lower.
You can't just pay market price to own a majority!
Please be more specific than a rotten tomato thrown from the back row like "re-check your math".
My math is sound, so what is your disagreement?
People maintain anonymity for a reason and it is rarely noble.