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Friday, March 05, 2004 11:09:46 AM
It is should be possible to calculate -
There are 320 mln STEH outstanding shares that are eligible to receive 86 mln QTIG shares every 3 month, which means
86/4 = 21.5 mln QTIG shares per quarter.
21.5mln distributed for 320 mln shares of STEH outstanding is
21.5mln/320mln = 0.0671875 QTIG shares distribution per quarter for each STEH share.
Current price of QTIG is 0.140, this means that actual divident in terms of today's share value is 0.140/0.0671.
This approximately equals to 0.023 cents per each STEH share per each quarter or 0.08 cents for a whole year based on STEH shares outstanding and current QTIG shares price. APPROXIMATELY!
I hope I did my calculations more or less properly, but if anyone have calculated this differently please correct me.
This might be comparing apples and oranges, but to take it further, STEH will be paying 30% of "future" revenues to QTIG
for 0.08 cent divident (for a full year).
Looking at these numbers, I am not too excited unless QTIG
share price would improve substantially or there is more divident per share thru additional revenues which at this
time not realistic based on assumption that this comany
is still in the "start up" stage and requires a lot of funding
for development and business purposes. It looks like QTIG
as a "front" company should provide glimps at the revenue figures as a reporting company and will provide management with a "wiggle room" in terms of accounting as it relates to STEH/QTIG financial arangement.
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