Value Microcaps Motherboard

[michael t]

2morrowsGains re:CMTP

Absent the company seeking additional financing, the fully diluted share count should remain at these levels. The Company has 7.5m preferred shares that prior to the reverse split they had a mandatory one for one conversion feature.

I contacted the Company to verify whether the preferred conversion was affected by the reverse split, and per their response the conversion of the preferred was adjusted to 10 for 1. Thus, there should be 750k convertible preferred shares.

The current diluted share count appears to include this dilution.

With 10m in cash, it doesn't appear there would be an immediate need to raise additional capital.