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Whiplash_Investor

11/20/12 8:59 AM

#178 RE: Whiplash_Investor #171

More on IDLM SS from Hokiefan:

derived from old NGLF filings... following the reverse merger, the share structure was as follows:


Post-Merger SS
O/S: 58,483,250
R/S: 45,425,000 (IDLM received 40MM shares in exchange for full ownership of Datpiff LLC, leaving 5.425MM shares left to former CEO Bryan Sawrynski)
Float: 13,058,250


Now since that, the following changes have since occurred:

Issued: 5,263,493 Restricted shares to Raphael Haddock (CFO/COO)
Issued: 1,000,000 Restricted shares to Kyle Reilly (co-creator of datpiff)
Issued: 6,000,000 OPTIONS (0.50/1.00/2.00) to CEO Marcus Frasier
Repurchased: 4,000,000 shares in a private transaction for $0.05/share. (NOTE: We do not know the origination of these shares, but T/A confirms no change yet to float)


Resulting share structure is:

Issued: 64,746,743 (reflecting 4MM in treasury)
O/S: 60,746,743
R/S: 47,688,493
Float: 13,058,250