Extreme Motorsports of California (EMOC)

[jen8554]

You talk about a buyback from carmac that would only happen if the PPS stays at .0000x.0001 if the PPS increases to .0003 it would be to expensive to buy back.
Im not sure if my numbers are right my calculator doesnt go to 80billion,but 80billion x.0003 = 24 million dollars.
80 billion x.0001 =8 million dollars'
If these numbers are right alan is going to borrow 3.6MM and have to pay back 8MM minimum in two years?
8MM would be 20% of the 39MM contract,I doubt his profit margin is 20%.
You talk about years out,you are correct nothing will change in the PPS for years.
Our best chance is that the deal falls through with carmac so he doesnt increase the share to 100 billion,he then goes bankrupt and sells ETMO as a shell.