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Re: JandKsMoney post# 43296

Friday, 05/26/2017 3:05:03 PM

Friday, May 26, 2017 3:05:03 PM

Post# of 73656
Thanks JandK. You're right, that's what I was looking at. But the below paragraph doesn't make me feel any better. I'm going to take a few weeks off from commenting on this board. I believe there's a few out there that will appreciate it. Happy Memorial Day to everyone. Vietnam Era vet, myself. Dad was a B17 bombardier in the Pacific WW2. Thanks to them all.




After giving effect to the sale of 147,000,000 shares of common stock to the Selling Shareholders through the Third Closing, and at an assumed average sale price of $0.0050 per share (the closing price of our common stock as of May 23, 2017 ($0.0099) at a 50% discount), our pro forma as adjusted net tangible book value as of December 31, 2016 would have been approximately $74,296, or $0.0002 per share of Common Stock. This represents an immediate increase in pro forma as adjusted net tangible book value of $0.0024 per share to our existing shareholders and an immediate dilution of $(0.0048) per share to our new shareholders.