Replies to post #22897 on Globe Photos Inc (fka GBPT)

[western1]

THE STRIKE PRICE IS $1.50

AFTER THE DIVIDEND IS ISSUED THERE WILL BE 143M SHARES (5M THE NEW COMPANY HAS CURRENTLY OUTSANDING + 138M THAT WE PTEL SHAREHOLDERS ARE RECEIVING)IN THE NEW COMPANY. PTEL IS PAYING $7.5M ($1.50 PER SHARE STRIKE PRICE X 5M SHARES CURRENTLY OUSTANDING) FOR THESE SHARES. 143M SHARES DIVIDED INTO $7.5M PTEL IS PAYING = $ .052 MARKET VALUE PER SHARE OF THE NEW COMPANY. THIS IS LIKE A FORWARD SPLIT.

PTEL IS PAYING 5M PTEL SHARES FOR THIS NEW COMPANY (PRESUMABLY FROM THE 450M SHARES AUTHORIZED BY THE COMPANY)
THIS WILL MAKE A TOTAL OF 143M OUTSTANDING SHARES OF PTEL.
CURRENTLY PTEL STOCK IS @$.37 WITH 138M SHARES OUTSTANDING FOR A TOTAL MARKET VALUE OF $ 51,060,000.

DIVIDE THE $ 51,060,000 BY THE NEW NUMBER OF PTEL SHARES OUTSTANDING (143M) AND THE MARKET PRICE PER SHARE FOR PTEL STOCK WILL BE $.357, NOT $.37. THIS IS THE 3% DILUTION THAT THE COMPANY REFERS TO IN ITS ACQUISITION STATEMENT.

IF ANYBODY SEES SOMETHING WRONG WITH THIS EXPLANATION...PLEASE DO NOT HESITATE TO SPEAK UP...THIS IS JUST WHAT I THINK..I SURE AM NO EINSTEIN.

BUT I AM WILLING TO SELL MY 300K NEW DIVIDEND SHARES @ $.50...ANY TAKERS!