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Howardhaftel

05/26/08 7:36 AM

#5833 RE: Lex_Luthor #5832

Good morning Lex:
This is what I see going on.
Please keep in mind that we are dealing with Stev Peacock the man who invented dilution to get a deal done.

Actionview has 1,000,000,000 Authorized shares
151,186,028 shares in stockholders hands (public float)
179,661,718 shares held by insiders
669,152,028 shares unissued, (will be issued and given to Palmer trucking)
The shareholders % = approx 15% of the soon to be outstanding shares.
Palmer gets approx 67% of the shares and maybe more.
Actionview execs get approx 18% and maybe less.
you would have to see the papers for the exact divy.
these reverse mergers always screw the shareholders but even at that a lot of money can be made as this transaction closes.
When calculating PPS use the 1,000,000,000 number rather then the current 330,847,746 O/S as this will disappear.