Replies to post #145972 on TAP Real Estate Technologies Inc (RWAX)

[jimr1717]

Fear not, this will just be the next Unwinding© and a waste of time.

[TenKay]

“The statement “48.6% of USD17 Million is USD8.2 Million” is based on a fundamental misreading of the 10-Q.“

I never made that statement. Someone else did and I was quoting it…I disagree with it as well.

The question is where did the other $18 million come from the bring it up to $35 million after the $45 million was removed?

[OMOLIVES]

No.... it's not a misreading.

27.5% ownership in $62,000,000 is $17 Million and again, is reflected on the balance sheet ending 3/31

Post 3/31, the $45 Million was taken off the table leaving $17 Million.

It then changed to 48.6% ownership in $17 Million, which is $8.2 Million

Then 76% of that went to third parties.

If you read the original deal... WSCG formed and acquired Humbl for a rough $20 Million less advances and share swap including a little cash and was going to add $45 Million in real estate.

So it was Humbl tech and real estate in WSCG originally. Now it is just Humbl Tech and half of $17 is $8 and change(48.6%)