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Re: Howardhaftel post# 8149

Friday, 08/29/2008 3:08:55 PM

Friday, August 29, 2008 3:08:55 PM

Post# of 41474
Howard - we do know the O/S at the time of the PR.

The PR stated that 13% of the current WEHI market cap = $100,000.

You can take the ratio of $100,000/13%=X/100%

Solve to find X, which equals the market cap of WEHI when the PR was issued, which means the market cap (X) was $769,231.

Now, divide the market cap by $0.0001 share price to find the approximate number of shares issued. $769,231/$0.0001 = 7,692,308,000 shares.


Apparently, the person that checked with the Transfer Agent for WEHI indicates there are even more shares out.
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