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WarMachine

11/21/23 7:58 PM

#92895 RE: SunshineSmiles #92894

How's your math? I have something that sounds very odd to me concerning a Borders post in the Tearoom.

Danny says;

When the merger is completed, Frank gets stock equivalent to 5% of the incoming company as compensation for the public entity. 18 million shares is approximately 5% of the outstanding.



The actual dilution was 18,250,000 but who's counting?

Say what? 5% of the outstanding was 34,613,103, prior to the new shares! Did FrankO do the math for Borders?

The market cap as of this morning was based on a closing price of $0.0178, so if Borders is basing the new company worth on their market cap and 18,250,000 shares is 5% of the new company then is Borders saying the new company is only worth $6,497,000
Bearish
Bearish

Diamondhands45

11/21/23 10:33 PM

#92897 RE: SunshineSmiles #92894

It’s for the merger. It’s a good thing

Maria56

11/22/23 10:49 AM

#92900 RE: SunshineSmiles #92894

I wonder how this document that former(?) $mONI CONsultant Frank Benedetto tweeted (before his account was suspended) and to which Carjockey2 linked - I wonder how it would look now....

And before ANYONE (not you, SunshineSmiles) starts accusing me - AGAIN - of being in possession of documents I shouldn't have, I refer ALL to this rebuttal post of my own:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172515805



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171631162