I cannot imagine they (Wubo, his advisors) haven't taken into account the possible dilution. EPS must have been calculated using the diluted numbers of shares. He is not going to give away 100+ million shares. Thats a worth of more than 20 million dollar!
413 million outstanding 13 june
possible dilution
warrants +75.000.000
notes 30 million / 0.20 = +150.000.000 million (but some of these already in 413 million?)
Worst case:
413 + 75 + 150 = 638 million
eps guaranteed = 0,058 or $38400000
that would mean diluted about 662 million shares > (38400000/662000000=0.058)
I say Wubo is not going to loose his shares in excrow.
NOTE:
I am not an expert, I do NOT know if what I am writing above is 100% right!!!
Greetings from Holland and GLTA
Greetings from Holland and GLTA
