CTT Pharmaceutical Holdings Inc (CTTH)

[Earthly_Investor]

I spoke with Greg Bose, the CEO of Northern earlier this month. He confirmed to me that the 9.75 Million shares of Northern Graphite that IDSM owns (approx 42% of the current O/S), would probably be "dividended out to IDSM shareholders" (Post Norther Graphite IPO).
He also confirmed that Northern Graphite has 23 Million shares outstanding, pre-IPO,

Post IPO (assuming a 6 Million share issuance)there will be 29 Million shares outstanding.

Assuming a $.50 IPO price (as stated in previous PR) this would give the Newly issued Northern Graphite a miniscule Mkt cap of just $14.5 Million (Cad), of which 42% is in the hands of IDSM shareholders $14.5 X .42 = $6.09 Million (value of NG shares held by IDSM @ $.50 CAD)

If anyone wants to confirm his statements to me, Greg may be reached at [phone]


100,000 block just went through @ ask .0795 (12:34:06 PM).