Wednesday, October 10, 2012 4:30:24 PM
Todds comment
"Lighthouse needs to come up with minimum of $2.2 million dollars to finance the Reames/Masterson transaction. To receive funding in that amount, it is my guess that Lighthouse would have to issue 440,000,000 shares of common stock plus a premium of about 300,000,000 shares for a total of about 700,000,000 shares. That would mean Lighthouse would be almost fully diluted and mostly likely would not be fundable. Financing the transaction in LHPT could also face problems in attracting enough financing because of the DTC “chill” on the stock, it could take longer to find investors and LHPT would probably miss the opportunity. Therefore Lighthouse is going to sell its subsidiary to Paradigm and receive common stock from Paradigm. The number of shares of common stock to be received by LHPT has not been announced. The shares of Paradigm that LHPT will receive will then distributed to the shareholders of Lighthouse."
SO CONFUSSING TO ME, but it appears to look like LHPT is not where I should be as I have no idea what I will be getting down the road. PLEASE HELP GUYS
E-A-G-L-E-S Eagles
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