Stervc, Sterling,
I can't post in RB due (don't why). I read your post related to the Ratio of Reverse Merger of RWNW.ob. I think you made a mistake when you calculated the ratio.
Your result was derived from:
RWNW Pre-split OS = 497,960,212 shares
RWNW Post-split OS = 47,200,000 shares
RWNW Pre-split OS ÷ RWNW Post-split OS = RWNW Reverse Merger/Split Ratio
497,960,212 shares ÷ 47,200,000 shares = RWNW Reverse Merger/Split Ratio
10.55 = Reverse Merger/Split Ratio
Thus the ratio for RWNW could potentially be 1 for 10.55
Your thought all post-split OS( was 47,200,000 shares )from current RWNW. But where is the share of Arabian Recab common stock?
So, I think the ration should be derived as following
47,200,000-98%x47,200,200(number of Arabian Recab common stock)=944,000 Share
the ratio of RS IS
497,960,212 shares ÷ 944,000 share= around 500
any comments are welcome!!!
