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kingpindg

06/04/19 3:20 PM

#91323 RE: Joecanada13 #91307

To the best of my knowledge, and math skills, Garnock and wife now own 26% of Verus' outstanding shares. If he exercises the Warrant, in full, they will own 39.6%.




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esq10

06/04/19 5:18 PM

#91389 RE: Joecanada13 #91307

It's 553,999,999 divide that by (553,999,999 + 1,500,000,000) approximately.
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Axolotl

06/04/19 5:22 PM

#91392 RE: Joecanada13 #91307

Aren't the shares being added on to the A/S of 7 bil?

The old 1.5 bil A/S was already maxed out with 1.5 bil oustanding so that would require the issuance of new shares.

Which is why the S-1 needs to be filed.