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Re: hondaboost post# 5460

Thursday, 12/10/2015 12:38:15 PM

Thursday, December 10, 2015 12:38:15 PM

Post# of 62384
Sorry, but I respectfully believe you are mistaken.

A) It appears your data comes from an entirely separate, ADDITIONAL filing from Aug 31. You need to check the filing specific to the units.

B) The number of units sold was 3.8 million. In it's simplest conversion, each unit provides 10 common shares plus 20 warrants. 3.8 x 10 plus 3.8 x 20 = 114 million shares, but this does NOT account for a cashless exercise!

C) One of the items recently voted on and approved at the "special meeting" was to increase the A/S to 500,000,000 shares. (yes, 500 million) Why do you suppose they "needed" that many?

D) The following bits are from the Units filing: if the warrants are exercised on a cashless basis as described in ... the number of shares of common stock issuable is indeterminate.

IMO, it's OK to be worried...
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