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Re: JBJD post# 78

Wednesday, 09/04/2013 10:57:08 AM

Wednesday, September 04, 2013 10:57:08 AM

Post# of 163

By way of example, if Gilman’s outstanding indebtedness were $5,400,000 immediately prior to closing, this would have the effect of reducing the exchange ratio to approximately 0.2350188466 of a share of National common stock per share of Gilman common stock.



I however dont think GTAX has that much debt... anyone have an estimate from last fins of total debt then...

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