E-MAIL RESPONSE FROM SOUTH STREET MEDIA:
The WVAP is about $0.016 . Sorry about the delayed response.
South Street Media, Inc.
(917) 937-8968
info@southstreetmedia.com
www.southstreetmedia.com
-------- Original Message --------
Subject: SVFC
From:
Date: Tue, July 16, 2013 1:52 pm
To: info@southstreetmedia.com
Greetings,
I am a current shareholder of SVFC and I was interested in finding out the current 10 lowest day average of the VWAP (Volume Weighted Average Price)
since May 24th. This value is being used to determine the number of shares Hanover will receive as compensation for certain loan amounts (roughly 793,000).
I can calculate the VWAP going back to June 24th but prior to that date I would have to purchase the raw data. Hanover would necessarily report the VWAP data to SVFC in order to prove the share disbursement owed by SVFC.
Can you get that information for me? It is within the public domain, but I would prefer not having to purchase the raw intra-day trade data.
Thanks,
xxxxxxxxx
The actual VWAP average at 0.016 is fairly close to the OHLC/4 daily calculation of the early June period (around 0.0188) alluded to in a prior post.
Using the supplied VWAP we can now calculate the actual shares due to Hanover (at this point):
VWAP LOW 10 AVERAGE
0.0160
DEBT:
A=706765.38
B=52500
C=35338.27
SHARES DISTRIBUTED:
DATE QUANTITY
23-May 8500000
17-Jun 5550000
19-Jun 4300000
2-Jul 6250000
11-Jul 7000000
TOTAL SHARES: TS= 31,600,000 (SHARES DISBURSED)
LOWEST 10 AVERAGE VWAP = L10AVWAP = 0.0160 (thru 7/16/13)
SHARES DUE BASED ON LATEST CALCULATED L10AVWAP
LAST DATE CALCULATED: 16-Jul LATEST L10AVWAP = 0.0160
FORMULA: ((A/(0.016*0.55)+(B/0.016)+(C/0.016)) = TOTAL SHARES (TS) = 80,314,248 + 3,281,250 + 2,208,641.90 = 85,804,140
TOTAL SHARES (TS) DUE: 85,804,140
NEW SHARES DUE: 54,204,140 = (85,804,140 - 31,600,000 )
AI
