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