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Post# of 792657
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Red Captain

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Red Captain

Re: None

Sunday, 04/30/2017 10:56:00 PM

Sunday, April 30, 2017 10:56:00 PM

Post# of 792657
Circular reasoning

You assumed 12 per share valuation as par of your procedure to derive the result of 12 per share.

12b$x14/ (#presentshares + #warrantrelatedshares + #recapshares) = pps

Since # of recap shares is a variable what you have is function with inverse proportionality between pps and #recapshares.

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