YBCC Inc. (fka YBAO)

[soupoftheday]

KAIH - The terms of the acquisition includes a payment on approximately $8 million in common stock. In addition, as part of the transaction, all current convertible note holders have agreed to restructure their debt into zero coupon fixed rate convertible preferred shares with a two year hold on any conversions.

Class of Common Stock Outstanding at October 31, 2006
$.001 par value 42,616,806 shares

$8M / 42,616,806 = .19 pps ?????????????????????????