Opportunity, Smithline gets 50% of any oversubscription if I remember correctly. If he puts any additional money in escrow as Mata hari claims, that would take more.
From the 8k
Offering proceeds to the Company, before expenses: $5,460,000
Take the above figure, less the million to Smithline and $450k to the note holders and you have 4 million before expenses. I do not know how much expense was involved with the offering so I stated that he now had $3+ milllion. I think that would be accurate.
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