Medicago Inc MDCGF

the math lesson

[Jentai]

https://www.newswire.ca/fr/story/866325/philip-morris-investments-b-v-exerce-son-droit-preferentiel-de-souscription-et-investit-un-montant-total-de-22-5-millions-de-dollars-dans-medicago-dan
PMI increased its holding of Medicago with 34,550,000  new shares from 30.2% to 40%, An increase of 25% for them but an increase of 10% based on the total shares (non diluted) of Medicago
If  10% = 34,550,000 shares
    100% = ?
We will double check the answer with PR on Monday...stay tuned

[rickydee]

This post has been removed in accordance with Community Policy

[firebug]

  I am a bit confused as to the total number of shares but if you go to STOCKWATCH and type in MDG then look at thier two last releases. Click on the releases as if to read. At the right hand side a square box(slightly grey) appears. In the box it says "total number of shares issued". With the second last release it says shares issued 173,511,202 and then with the last

[beenthere]

Atter Dec 16 212 million plus 34.55 millionAbout one quarter of BILLION shares

[Blkbartt25]

From Q2 finls:o Aug 12, 2011 - 173,416,202 shareso Sept 27, 2011 - 38,462,900 issued at 65 centso Oct 27, 2011 - 17,350,000 issued at 65 centso Dec 2011 - another 17,350,000 proposed at 65 centsPrior to Oct 27, Phillip Morris owned 30.2 % and went to 35.5% on Oct 27.Total shares issued = 229,229,102 after Oct 27 Math doesnt work re the change in % ownership,so it must incl warrants etc

[beenthere]

No, you don't have it quite right. The latest PP is for 34,550,000 shares split into two but not equally. 17,350,000 now and 17,200,000 in December.