amj23, thanks for the explanation, but here's the problem. **If** their goal is to control 50% then they must realize that every time they issue shares they are diluting their holdings (unless they are issuing to themselves).
If they are issuing to themselves here's the deal.
They would have to issue 107 million shares
Here's why:
The ownership percentage formula is equal to (Total Shares Owned / Total Shares Outstanding)
IF you are printing shares, and therefore increasing the numerator, then you are also increasing the total shares outstanding, the denominator.
Hence, you are diluting your original interest but at the same time giving yourself shares to offset the dilution and then some.
So,
Total # of Shares issued 107,120,423
Total Shares now 723,000,000
SEO owns now 308,000,000
SEO could own a total of 415,120,423
Total Shares After Issue 830,120,423
SEO's Percentage 0.500072533
Krombacher
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