would be entitled to 14,002,328 shares based on the $0.051 closing price on November 9, 2012, and that there were a total of 211,000,000 shares of common stock outstanding immediately prior to the issuance of shares to IV, such that the shares to be issued to and retained by IV would represent approximately 6.6% of the outstanding common stock after such issuance.
They did not need all 14 million it was an estimate!
State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 224,259,805 common shares as of November 16, 2012.
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