Plastic2Oil Inc (PTOI)

[loanranger]

He doesn't need to re-calculate...you forgot the warrants.
I know...assuming they get converted the company will then be flush with the $240,000 in cash that they provide. Whoopeefrickindoo!

But the dilution from this financing is small compared to the dilution that HAS TO come by the end of June based on the folks (who must be really happy campers) who will be automatically converting their currently 14 month old preferred into common at the rate of $.50 per common share, adding about 15,000,000 shares to the outstanding. Based on a financing contribution that was spent long ago.