Not the O/S, sem1, just the A/S. The "Authorized Shares", or total shares CGFI IS ALLOWED TO SELL, is 35 Billion. The O/S or "Outstanding Shares", (stock already in the hands of someone other than the Corporation) is estimated at about 22 to 24 Billion. We will know the exact figure soon when the 10Q comes out. (roughly July, since the last one was released in April).
The number of shares of CGFI needs to cover AMNPD's O/S will depend on the agreed upon ratio detailed in the merger agreement. That has yet to be seen or suggested. It will depend on each stock's PPS at a decided "date of record". (FOR EXAMPLE & ONLY AS AN "EXAMPLE":
if AMNPD is priced @ .10 and CGFIA is priced @ .001, then to complete the merger, the ratio of CGFIA shares for every AMNPD will be 10:1, or put another way, 10 CGFIA shares to 1 AMNPD share.)
Hey Sem1, how is the new job working out? Still slaving away? Hope you are making some real coin!
Don't take my word for it, Do your own research! Then you will know it's true!
