Lowtrade, how about this DD that took me about an hour to calculate:
July 20 I/A as reported on filing 368,626,011
August 16 T/A reported I/A increased to 440,990,177
Difference is 72,364,166 at a conversion price of .00425 = Payment to Cornell of $307,547.71
Note: to come up with the conversion price I took the previous 5 tradings days LOWEST close price and applied the 85% discount per the CD. I did this with all of the following conversion prices also
Sept 12 T/A reported I/A increased to 496,688,075
Difference is 55,697,898 at a conversion price of .0051 = Payment to Cornell of $284,059.28
October 1 T/A reported I/A increased to 627,964,010
Difference is 131,275,958 at a conversion price of .0136 = Payment to Cornell of $1,785,352,72
As of October 1 the total paid to Cornell is $2,376,959
Cornell is more than done in these calculations and they are approximates so you can take a 5% error factor either way.
The last increase was an EVEN 25 million which means the last 25 Million was something else Tom was working on and it just may be the sale of shares to pay cash for the Wisebuy and the Hackett deals as he reported he now has cash ON HAND to complete both transactions.
Now remember, this could of been happening weekly but I used W/E numbers to try to simplfy the calculations!
Now how is that for some BAD A$$ Due Diligence.
See I concur with you, Cornell was done on October 1 and that is why the delay occurred on the 8K filing! Tom was waiting for them to get the hell out of his way!!!
