Correct my math 😂
According to https://deepmarkit.com/share-price/, there are, currently, 118,827,733 outstanding shares. A 10:1 consolidation would result in 11,882,773.3 shares outstanding. Where I'm lost is how this article came to the numbers it used: "Under the terms of the Investment Agreement, HK Datang, subject to certain conditions, including a 10:1 consolidation of DeepMarkits outstanding common shares, will purchase 29,527,120 post-consolidation common shares at a price of $0.075 per share (post-consolidation) for total subscription proceeds of $2,214,535 (the "Transaction")." To state the obvious "29,527,120 post-consolidation" is greater than 11,882,773.3. Also, according to the article, 29,527,120, represents a 72% stake in the company....scratching my head. 72% stake being 29,527,120 shares would suggest that there 41,009,888.8 outstanding shares after consolidation, which is even greater than 11,882,773.3. What's missing here? https://www.morningstar.com/news/the-news-wire-ca/TheNewsWire_201906241knDFGvpg/deepmarkit-announces-strategic-investment.html