PacWest Equities Inc (PWEI)

[Michael-Goode]

At the current price of $0.54 and with 471,560,143 pre-split shares as of September 30th ( http://www.otcmarkets.com/financialReportViewer?symbol=PWEID&id=93623 ), that makes for 1,414,680,429 shares post-split and a $763m market cap. Of course, when you consider the shares issued for the PurGro Electronics LLC purchase -- which we don't know how many there are because the company hasn't bothered to tell us -- I believe the market cap is significantly higher. I estimate that they issued 500,000,000 post-split shares (166,666,666 pre-split shares) to pay for the PurGro acquisition (which is only slightly more than what they paid for World Eco Source). Once we add in those shares we get 1,914,680,429 shares outstanding for a total market cap of $1,033 million, just over $1 billion.