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Re: johnsyn post# 12360

Thursday, 12/27/2012 9:00:55 PM

Thursday, December 27, 2012 9:00:55 PM

Post# of 58854
additional 122M is a lot of shares, is it ~18% dilution of current O/S? Crede is not supposed to hold more than 9.9% of the total number?...maybe they are using the authorized share count which is ~1.3B? then 122M is less than 9.9% of the company..
I thought the deal was $7.5M at .186 or less and $9M for warrants at .223? this doesn't add up to 122M shares, anyways, perhaps I am confused, I'll look into the doc tomorrow
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