Looks like around 11/17
shrs outstanding RWNW ......497,685,321
recab rights or shrs of Arabian Recab.....47,200,000
We know that the present RWNW shareholders will own not less then 2% of the newly merged entity which leaves us to believe that the present Arabian Recab shareholders will own not more then 98% of the newly merged entity. With that said 98% of RWNW OS equates to 487,731,614 shrs. The difference is what we RWNW shareholders will own of the new company, which is 9,953,706 shrs. based on existing OS of RWNW.
using existing RWNW OS as base total
OS 497,685,321
(Arabian Recab 487,731,614 shrs 98%-RWNW 9,953,706 shrs 2%)
convert 47,200,000 to 487,731,614 shrs-reduce 497,685,321 shrs to 9,953,706 shrs
Now we must convert (split) shares for all this to make sense. To convert 47,200,000 to 487,731,614 shrs you must multiply 47,200,000 by 10.33. (Arabian Recab shareholders will be given a 10 - 1 forward split.) If you reduce 497,685,321 shrs to 9,953,706 shrs (which will be our equated ownership of the new company) you would have to divide the total RWNW’s existing OS by 50 to reach 9,953,706 shrs. 497,685,321 / 9,953,706 = 50 or pretty close to it.
Ok, now with a 1-50 reverse split a million share purchase at .0029 would cost you $2,900.00 less commission and be reduced to 20,000 shrs.
The existing share price would be adjusted as such:
29M company / 497,685,321shrs OS = 0.058 EPS (earnings per share)
0.058 x 12 PE ratio = 0.699 post reverse merger pps
0.699 x 20,000 shrs = $13,982.40
I just hope that I am looking at this correctly. JMHO GLTA
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