Tuesday, October 30, 2018 11:03:55 AM
ETNI owns 33.25% of Zander.
Zander able to raise funds at $2.00 share. Zander outstanding 6,033,000 o/s would yield Market Cap of $12,066,000
ETNI 33.25% = $4,012,000 divided by 49,170,000 o/s = .0816 pps
As time goes on, of course, Zander will issue and sell more shares, increasing Zander's Market Cap ,offset by ETNI percentage ownership decreasing correspondingly.Hopefully ETNI does not need to issue more shares unless due to an acquisition.GLTA.
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