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ByloCellhi

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ByloCellhi

Re: gemmerling post# 16756

Friday, 10/28/2005 2:53:23 PM

Friday, October 28, 2005 2:53:23 PM

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Greg

The # of shares the other private companies have is immaterial. The issue as Paul pointed out is the VALUATION of the companies. The # of shares issued will be based on the valuation divided by the price. In your example $20M divided by $.16/share = 125M shares - ouch

Then the reverse split!

These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company

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