floridaboy, it is simple, there were more entities involved in this deal than just Redwood Capital, here is the list of groups that received shares:
SCHEDULE I
SHAREHOLDERS
Name of PSI Shareholder
Percentage
Interest in PSI
(2)
Energroup
Shares Issued to
PSI
Shareholders
Percentage of
Outstanding
Energroup
Shares Post-
Transaction
Shine Gold Holdings Limited
63.45
%
10,690,668
50.58
%
Shiny Snow Holdings Limited
11.57
%
1,948,890
9.22
%
Smart Beat Limited
12.16
%
2,049,390
9.70
%
Hectrix International Investment Holding Limited
5.39
%
908,866
4.30
%
Sunway Classic Limited
1.22
%
211,364
1.00
%
Hunter Wise Financial Group, LLC
2.51
%
422,727
2.00
%
Redwood Capital, Inc.
2.54
%
428,095
2.03
%
Chief Capital
1.13
%
190,000
0.90
%
TOTAL: