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Amigo Mike

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Amigo Mike

Re: cysonic post# 38175

Thursday, 12/06/2018 6:30:46 PM

Thursday, December 06, 2018 6:30:46 PM

Post# of 38634
Cysonic,

Today the Odidi's own 578,000 shares. It is right there in the filing. The rest are shares issuable on exercise of options/warrant/debt conversion. Those shares don't exist today but for purposes of the calcs on filings, the shares are deemed beneficially owned even though they may never be issued (i.e. what's possible to be owned), hence the 12+% number derived by dividing all the potential shares into today's outstanding share count. Doesn't make much sense but that is how it is done.

Amigo Mike
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