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WinOneGipper

05/31/07 3:34 PM

#6404 RE: lakingsphan0427 #6398

I had made the following assumption in post 6319 from the PR:

"On the surface, if TKO gets 18.5 M shares and the full 11.5M share balance is in private placements (PP) for $9.1 MM, then the average issuance share price to the PP's is $0.79+. This nets $14 MM in valuation to TKO shareholders, but excludes the effects of any warrants and convertibles. Whether that price holds through the IPO is anyones guess. So again this seems to be positive for shareholders. Am I missing anything here?"

That assumes they paid $10MM for the company originally like you said. I don't know what the total authorized shares are. Yhis is all "fuzzy math".