Tuesday, November 04, 2008 7:56:28 AM
What I referred to was proposed dilution of 357%. Let me show you how that works:
The current float of Biophan shares is 175 million shares (actually 174,871,171 weighted, but let's talk round numbers here).
The proposed "Authorized" is 800 million shares.
800/175 = 4.57 or 457%.
Subtract 100% for the original shares that are not part of the increase, and you will perhaps now be able to understand that the number of shares that Biophan are asking shareholders for represents dilution of 357% versus the current float.
Let me know if you don't get that and need further explanation.
"If you gotta be wrong you could at least get it right. Right?"
Yeah, like I said before, if you're going to be wrong, try not to be LOUD wrong or abusive wrong. Right?
Interesting that you should (incorrectly) upbraid me on my math while ignoring the fact that MBD, Ogclip, palacian, Ogclip and cyberbubba, among others, were just plain wrong when they said that the 800 million authorized share request would be abandoned.
Go figure, eh?
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