Replies to post #98006 on Laidlaw Energy Group, Inc.(fka LLEG)

[skunksyard]

2.4 bil represents 30% and that's equal to 8bil shares. So 8 bil may be the current amount needed to satisfy the 10mil convertible preferred along with the 2.4bil? And then you need to know if the NEW ISSUE for Susanville has convertible rights and if yes, what? That would add to the 8bil shares...

now that's my math......I hope a math expert comes up and agrees or corrects this scenario....

I'll put the scenario out that says currently they need 8 billion shares to satisfy the a/s and the mgnt convertible preferred and if Susanville is a convertible they will need more based on that convertible rate. It's just my understanding of what 70% fully diluted of X would represent since we're 30% of x and ours is 2.4bil. Their 365mil would be in the 2.4bil....and the 95mil option to common would have to be factored in