From the NIVM board..
First, the holders of the Series A Preferred Stock will receive its stated value of $.50 per share, or $1.21 million in the aggregate.
Second, the holders of the Common Stock will receive 12% of such available sale proceeds remaining after the Series A payment, and the 88% balance will be distributed to the holders of the Series B, C, D and E Preferred Stock
So 48mil -36 mil in debt.. = 12 mil left to pay share holders.
12-1.21 = 10.8 mil X 12% = 1.29 mil for common..divided by 41 mil common = 0.031 per share ?? Idk.. seems over piced already.. but how knows..
