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rookiecrd1

05/13/11 4:59 PM

#13316 RE: sreesharma #13306

Umm, what the heck are you talking about? The AS is 75 million, where are you getting OS numbers near 300 million? We already know the share structure post merger.
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smokestack

05/13/11 5:01 PM

#13318 RE: sreesharma #13306

But we are getting 40 percent, YIPPIE.
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hpham10

05/13/11 5:01 PM

#13320 RE: sreesharma #13306

Sorry, I think you haven't look at the 8K closely yet. Let me explain.

On the recent 10Q the OS is..

Number of shares of the issuer’s common stock, $0.001 par value, outstanding as of May 2, 2011: 26,960,728 shares


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7926881

On the terms of the new SPA (merger), Mike and Sunlogics Power Fund Management get 20 millions common stock and 20 millions warrants.

This mean the new OS is..

Represents the percent of ownership of total outstanding shares of Common Stock based on 46,960,728 shares of Common Stock post acquisition of Sunlogics Power Fund.


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7932004

The 20 millions warrants is not added to the OS because it is not exercise yet..

The updated S/S is:
AS 75 millions
OS 46,960,728 millions
Float: 14.7 millions