Sleek, thanks for the clarification, I do have a couple edits...
An "earnout" is separate from the initial payments of cash and shares so the total to be added is 650M if I am reading that correctly.
On December 13th the share price was 0.084
200M shares given
450M additional shares to be given based on performance as stated above
That's 650M shares to be added to the OS.
"On March 19, 2018 there were 247,395,774 shares outstanding of the issuer’s common, the only class of common equity. This amount does not include shares to be issued."
Approx. 250M + 200M (1st BizRight compensation) = 450M OS
450M + 450M (remainder of BizRight compensation) = 900M OS
Current AS = 300M
AS to eventually increase to 1B
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I'm estimating that BizRight will do 40M
SGMD is compensating BizRight the following:
250M at 0.084 = 16.8M
plus 6M cash
plus earnout 450M at .20 (est. price) = $90M
SGMD will pay in total approx. $113M for BizRight
Which would equate to Price to Sales ratio of 2.8 at $40M sales volume. Seems reasonable.