Replies to post #57384 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Rally Cry]

I believe that would be $162,000 Ren.

[chilar4567]

Ren, it would be 45mil divided by 162 (my recollection of the exchange rate) times .06 which would be then divided by 4. that would give the amound of $ required quarterly.

[fizzlegig]

Renavatio

.06 deal = 45,000,000 / 167 = 269,461 prefered shares = $2,694,610 at cash out. $2,694,610 x .06 = $161,676.60 yearly or $40,419.15 quarterly.

.08 deal = 45,000,000 / 125 = 360,000 prefered shares = $3,600,000 at cash out. $3,600,000 x .06 = $216,000 yearly or $54,000 quarterly.

Regards,
Fizzlegig