Monday, March 02, 2009 7:45:28 PM
60.654%
Of course this is not entirely accurate because the price is not $.04/share and most recent share structure info is from 10/9/08.
They would also have the option to increase ownership to 72.736%
should they choose to exercise their 1,464,470,834 warrants and since most are priced at $.02, they probably would.
However, should all of the above occur and the PPS remained at $.04, the market cap would be $190,763,349 or 23 times current which brings us to a current equivalent of $0.1467/share
so bottom line is I'm all for it:)
"A man doesn't know what he knows until he knows what he doesn't know"
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