Replies to post #25208 on Evcarco, Inc.(fka EVCA)

[guguli]

unfortunatly I don't have the language skills to understand that properly, but regarding your last point;

If the maximun amount of shares can not be more then 4.99% of the O/S for each Advance, and we know that the O/S is 109mil, then 4.99% is about 5439100 Shares, then EVCA needs to expand its O/S dramaticly to get to +-15mil shares needed for their first Advance to stay within the 4.99 margin..

I would say it depends on the pps, doesn't it? if they aks for 250.000 $,...and sell 5.5 mio. shares (4,99% of the OS),...and pps has to be 0,045 $, right?

[guguli]

...I am re-reading the 8k.
and coming back to your last point:

(g) Maximum Advance Amount. The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed four and 99/100 percent (4.99%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

wouldn't that mean that we only get "diluted" by maximum 4,99% in total? it doesnt say 4,99% of the OS for each advance. it talks about the aggregate number of shares, which should not exceed 4,99% of OS. am I understanding this correctly?