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Sunday, March 27, 2016 10:14:28 AM
The way I read this is that TRTC will pay Blum stockholders 1.5 times the forward looking 12 month revenue, which is estimated to be $21 million. The key part of that statement is "following the closing of the merger". If at the time of closing the TRTC share price is 50 cents per share then the Blum stockholders would get $21,000,000/.50 = 42,000,000 shares. If the share price was 10 cents per share then they would get $21,000,000/.10 = 210,000,000 shares. The exact number of shares will depend on the TRTC pps at closing and then the actual 12 month revenue of Blum.
The current ramping up in TRTC share price is actually in TRTC's favor, considerably so. The higher it goes, the less stock it will cost TRTC.
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