Good point....Authorized Shares 400,000,000 a/o May 08, 2013
More likely than 12 billion shares would be reverse split you guys first then issue the 96.5% for the merger
3.5% 3.0 million 1 for 100 r/s float
96.5% 92 million new shares issued after reverse split
95 million shares outstanding after merger
They always leave room to issue more stock for fund raising they don't max the a/s out with the merger shares....that's why your 3.5% ends up being even less than 3.5% after they get done issuing more shares for fund raising. That's why you want to start out at 80/20 split or better not 96.5/3.5% split. They left nothing for shareholders at 96.5/3.5 split.
.004 now would be 40 cents your cost basis after the 1 for 100 r/s
40 cents times 95 million shares $39 million market cap
8k said you were getting certain assets from the Malaysians not their entire company. Are you getting more than $39 million dollars worth of stuff from them? Who knows????
How are you going to make money with a 40 cent post split cost basis and some Malaysian company who will be clueless how to make a penny stock move. This deal has issues...last post for now,I don't stay around and hammer.. I'm coming back one more time after the reverse split gets announced to close this story out.The way they strucutured this deal along with current shares o/s at 300m, they really need a big r/s to make the numbers work.This is basic math. 96.5% of x equals, 3.5% of y equals...you know Y right now is 300m, work the rest math out.
One miracle you can hope for is they somehow cancel a bunch of the 300 million shares outstanding and then your 3.5% gets split up among less shares and you get more from the deal.
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