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Myth

02/28/08 10:47 AM

#6288 RE: floridaboy #6286

Well I have my thoughts but I don't want to be labeled a " basher " Why don't you do some dd and tell us all what it means ? All I will say is I will never trust the CEO, PERIOD.
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Iglatend

02/28/08 10:50 AM

#6289 RE: floridaboy #6286

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: