Brytex, Your post last week to me when I told you the share count was heading billions higher. You still going to question what is happening? Check the dates on my post.
Posted by: Brytex
In reply to: big_money_insiders who wrote msg# 119970 Date:3/21/2006 3:00:48 PM
Post #of 128230
Or...Perhaps we are almost done with GG???
As of end of December, there was about $9M left to squeeze out of the $16.5M finance package from Golden Gate.
What if GZ wanted $4M more beginning of January. First five trading days of January, the PPS avg. was .0129, so a conversion at .01 is reasonable (18% discount factored in).
$4M/.01 = 400M shares.
Add that to the then 3.3B OS, and you get a current OS of 3.7B, with $5M more left to get from GG.
Now let's pretend we can get a pop this month (on news or whatever) to .025, and say we can stay there for a while. And let's say GZ wants the rest of the money, $5M.
.025 - 18% discount = .0205 conversion price
$5M/.0205 = 244M shares.
Add those shares to 3.7B OS and you get a new OS of 3.944B.
We would be done with GG and the OS stays under 4 billion, so no need to raise the AS...EVER!
Just another way to look at things, right? Please let me know if my calculations are off somewhere cuz I would really like to know.
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