gc341---Would you please explain how you arrived at the 8.77% in your calculation---TIA 1) 8.77% x 30% x .95 x 200,000,000 = 4,998,900 shares of Newco 2) 112,975,597 Dimeq shares / 4,998,900 Newco shares = 22.6 old shares for 1 Newco