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breezin_chs

09/07/10 4:56 PM

#38262 RE: *MARINE 1* #38260

breezin doesn't know diddly except for what he reads.

RMDM's authorized and outstanding share structure will reach 9,888,000,000 with this merger. All stock issued in connection with the merger (approximately 2,500,000,000 restricted shares) will remain as restricted stock. If the companies do not proceed with the merger or business relationship this stock will return to treasury and will be cancelled.

O/S per Fins: 9,740,028,133  
Restricted: 2,500,000,000 -
--------------------------
7,240,028,133

Worst case, the float is 7,240,028,133. However, the question is what is the total restricted? Must be substantially more than above. Regardless, the co. is sitting on quite a bit of cash, which will make it a very attractive takeover candidate or contribute significantly to a real-deal merger(s).

Time to email the TA.