Post by
rwoj on Jul 12, 2013 1:42pm
crunched dollars
I worked out a scenerio that guarantees a done deal (only using outstanding shares and 31 million dollars debt in mdg's last financial statement. here are the figures
shares outstanding...254,657,245
options...................... 12,468,684
warrants................... 15,649,160
total..........................282,775,089 PMI 40%=113,110,356 60%=169,664,733
buy 10+%@ $1 (price high was 95 cents $17,000,000 shares remaining in open 152,664,733
@$1.16 =$177,070,902 I assume PMI doesn't get $1.16 at most 21 cents
debt=...........31,000,000 note warrants and options included in shares outstanding
10% insure
cost=.,,,,,,,,,,,,$17,000,000
total cost=$225,070,902 and owning 50+% not including 6% already owned
this is strictly my thoughts