Replies to post #29268 on EVIO Inc (EVIO)

[tothe]

Great post, thanks for the DD. I will add this to the IBOX later in edited form (minus your comments) under the header " Fully Diluted" or "When Fully Diluted".

[tothe]

Kevin, you had some math errors, corrected version is in the Ibox. :-)

Fully diluted share data per request:

First the current common count:

Market value: $21,335,278 a/o April 19, 2017

Authorized shares: 3.000.000.000
Outstanding shares: 952,467,800
Restricted shares: *300,174,219
Float: 652,293,581

Fully diluted including the convertible preferred:
Series A = 0
Series B = 5,000,000 * conversion to 100 common = 500,000,000
Series C = 500,000 * conversion to common = 250,000,000
Series D = 832,500 * conversion to common = 258,125,000
Total number of common shares from convertible preferred = 958,125,000......... 1,008,125,000 corrected by Tothe

Fully diluted share count = 952,467,800 + 952,467,800...(1,008,125,000) = 1,910,592,800... (1,960,592,800) shares.

[mary777]

Email from WW from two weeks ago:

The purpose of the elimination of the anti-reverse clauses in the series B & C preferred stock was to demonstrate management commitment to ensure all shareholder values and objectives are aligned.

Furthermore, while the "anti-reverse" clauses existed, it would make it impossible for the Company to attract traditional institutional and/or accredited investor financing.

Regards,

Will

William Waldrop
CEO
Signal Bay, Inc. (OTCQB: SGBY)
702-343-7470