ER Urgent Care Holdings Inc (ERUC)

[Salty Pepper]

Sorry, bad memory. Book value according to the SB-2. Book value is not valuation, however it is one indicator of value. See below




Our net tangible book value as of June 30, 2007 was approximately $2,519,532, or $.0656 per share. Net tangible book value per share represents our total tangible assets less our total liabilities, divided by the aggregate number of shares of our common stock outstanding. After giving effect to the sale of the 57,511,499 shares of our common stock in this offering, after deducting the estimated underwriting discounts and commissions and the estimated offering expenses payable by us, our net tangible book value at August. 1, 2007 would have been approximately $ 2,519,532 or $ .0656 per share. The public offering price is $.05 per share. This represents an immediate increase in net tangible book value per share of $.0656 to existing stockholders and an immediate dilution of $ .05 per share to new investors.