InvestorsHub Logo
Followers 41
Posts 5459
Boards Moderated 2
Alias Born 01/26/2007

Re: bagfull post# 10409

Wednesday, 06/25/2008 4:17:59 PM

Wednesday, June 25, 2008 4:17:59 PM

Post# of 97362
bagful

I would look at it this way. Peacock has likely promised 750k to 1 million at DA signing. That would put the total loaned to JPT at 1 million to 1.25 million when the deal goes down.

However I would try to figure out whether or not the volume suggests that Peacock has been able to raise this money based on the volume x (% of volume to peacock) x average share price less amount of settled debt with a 20% commission figured.

We know the amount of settlement shares and historical Sequoia settlements have been at 1/5 bid price which would put the cost at around .0001 per share. I am going to suggest that 35-50% of the volume has been the Sequoia entity.

The volume since May 9 x realized price less deductions .0001 per share and 20% either gives a number in the 760k to 1 million or it does not.

If working the numbers makes the deal come up short, expect the deal to fall through or an extension granted. If running the numbers shows the funds have been raised, then the chances are better that the deal will go down as planned.

Either way, it is important to come up with how many shares are left so you can time the announcement of the RS.

If someone wants to count the shares traded since May 9th, I'll work the numbers.

Derb