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veritas2

05/19/11 12:56 PM

#14015 RE: daymax #13988

I'm pretty sure I have it right.

Salamon wouldn't be providing the evidence that Matvieshen coughed up $77,000 and at the same time claim that he defaulted on the Dec. 7 SPA if that was the agreed upon price for the 8.9 million shares.

As I mentioned before, the whole deal is hokey and muddled -- not least with respect to the price Salamon was asking for his stock. However, a little math supports my previous post.

Salamon shows that Matvieshen gave him separate payments of $15,000 and $62,000 for a total of $77,000. What did Matvieshen get in return (besides satisfying the first payment condition of the SPA and effectively seizing control of the shell)? I suggest it was the 1,325,627 SLMU shares now reported as being held by Sunlogics (In Trust).

Subtracting those shares from the amount Salamon was offering (8,906,059 - 1,325,627) leaves 7,580,432. Add in the remaining shares Salamon reports holding per his filings (1,343,601 + 7,508,432) gives you 8,924,033 -- exactly the number of shares that are reported as belonging to Salamon's Space Globe according to the 8-K filed under Matvieshen's signature.

The whole thing is a mess, but I doubt the SEC will be bothered trying to sort it out.