it Is not that s good 304 sh for one and then we shold be trade at 2$+ c a sh after rs with eps 0.10 c that mean after rs you ll recive 304 for 1 sh with eps 10 c lol based on pe 20 now we shold be trading at 2 $ after you recive 304 for one sh lol
MM GAMES
Recent Developments
In connection with the Company's reverse merger transaction, on September 16, 2006, the board of directors and holders of a majority of the then outstanding shares of common stock approved a 304.44-for-1 reverse stock-split of the Company's common stock which is anticipated to be completed on or about November 16, 2006. Also in connection with the reverse merger, the Company consummated two private financing transactions on September 7, 2006 and October 20, 2006, respectively, whereby the Company issued an aggregate of 4,023,268 shares of its series B convertible preferred stock, and warrants to purchase an aggregate of 13,257,293 shares of its common stock in exchange for $9,281,600 gross cash proceeds. As a result of the reverse stock split, the number of common shares outstanding will be approximately 18,384,915, and assuming the exercise of all warrants, 31,973,207 on a fully diluted basis. On a pro-forma basis the Company's earnings per share for the three months ending September 30th 2006 would be $0.105 based on outstanding shares.