Viratech Corp. (VIRA)

[unluckyami]

Based on info from link to "Say IT IN RUSSIAN LLC"


20 units = 20% of all revenue from theater release, DVD, and all other possible forms of revenue from "Say It In Russian".

each unit gets 30 preferred shares of stock
convertible to 3,500,000 common shares, so each unit has the possibility of converting to 105,000,000 common shares

20 units then equals 2,100,000,000 possble shares convertible March 2007

according to management after R/S, A/S shares will be 500 million.

Looks like that would not be enough if everyone converts their 30 preferred shares if all 20 units are sold.

Guess their statement of no dilution until next year could be correct, then watch out!!
If these figures are wrong feel free to correct me.