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Boardroom007

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Boardroom007

Re: D theG post# 3462

Tuesday, 07/13/2010 9:41:38 AM

Tuesday, July 13, 2010 9:41:38 AM

Post# of 9501
Question and Math Calculations for the group:

Originally NLI owned approximately 25-30M shares of WLSA, or a 50+% ownership.

Now NLI owns 20% of WLSA shares or approximately 12.5M shares (63M shares outstanding).

I believe some shares were to be used as partial debt settlement, along with the "70%" Sunbay ownership and Fanotech USA rights transferred to WLSA?

Can someone help with the math on where the various shares have moved to and why (in a very brief summary)?
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