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hyperboy262626

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hyperboy262626

Re: weeblewobble09 post# 8793

Thursday, 02/23/2012 12:08:45 PM

Thursday, February 23, 2012 12:08:45 PM

Post# of 163719
IRONRIDGE
Based on the issuer’s $0.63 closing share price on November 9, 2011, that would equate to approximately 6,636,222 shares. Maximum shares are 6,975,000 or 9.9%
IronRidge was 264,000 shares short of a full capture at .63 per share.

For purposes of calculating the percent of class, the reporting persons have assumed that there were a total of 62,894,262 shares of common stock outstanding immediately prior to the issuance of shares to IV, such that 6,636,222 shares issued to IV would represent approximately 9.54% of the outstanding common stock after such issuance.
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