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surfguy

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surfguy

Re: KJAX post# 82223

Friday, 02/12/2010 4:34:46 PM

Friday, February 12, 2010 4:34:46 PM

Post# of 375420
KJAX,

The PR said 40% of the Outstanding Common Share to the Lender. There were somewhere's around 750 million O/S prior to the announcement of the increase in Authorized Shares (A/S) to 1.5 billion. 40% of 750 million = 300 million shares. 750 mil + 300 mil = 1,050,000,000 shares. That leaves 450,000,000 shares that can be issued. Not 150,000,000 that your implying. Am I wrong?
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