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Re: cubs post# 103062

Monday, 03/23/2009 12:12:58 PM

Monday, March 23, 2009 12:12:58 PM

Post# of 192567
I had wondered that, too. I have no idea if the 300M shares are supposed to be equivalent in value to the 1%, but here's a math game I played:

1. 300M shares at, roughly, $0.015 = $4.5M

2. If that's the 1% value, then total value would be $4.5M * 100 or $450M.

3. Therefore, $450M / 2B shares = $0.23 per share.

Of course, this math is contingent on the 1% being equivalent in value to the 300M shares at the time they were locked up.