On BTSR = remaining shareholders plus options + warrants would have $400K = 5% of holdings. Shareholders = 2.5% of holding.
95% of holding = 595,034,440
Holding = 595,034,440 *100/95 = 626,352,042.
2.5 % holding = 15,658,802.
15,682,802 shares have a market valie of $400K/2 = $200K.
Post merger share value = $0.01277
Current share price = $0.06.
Hope my maths is correct. Check it out someone.