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Re: lmcat post# 12663

Monday, 09/12/2011 9:35:26 AM

Monday, September 12, 2011 9:35:26 AM

Post# of 17882
Wrong! The 3M shares are the reason the pps is down and so there is no change to the total issued per the agreement. Geesh!

Pay attention here while I explain how this transaction worked. TMSH needed $15k so they struck a deal with Farhills to buy 3M shares at .005 (3M x .005 = $15k). A clause is put into this to protect Fairhill in the case the pps drops while these shares were being released by the transfer agent. Once Fairhill is in receipt of the 3M shares the clause is no longer valid.

Not exactly rocket science, just basic math.

Fairhills sells these shares at an average of .01 and double their invesment (3M x .01 = $30k). More basic math....