RE: RE: RE: RE: RE: RE: I think I found the answer You are correct Tgarfield, INT will own 60% of the 70 million. But the INT & "partners" will own the 70 million shares. As indicated by the March 20 release: The arms length transaction is contemplated to close in and around March 31, 2013. Under the terms of the LOI, Intertainment and its partners will receive 70 Million shares of Plesk at a value of $0.10 USD per share, with Intertainment controlling a minimum of 60% of the received shares of Plesk following the completion of the transaction. The entity will change its name to "Yappn Corp." and the parties are currently finalizing financing that will provide Yappn with working capital following the completion of the transaction.
https://www.stockhouse.com/companies/stories/v.int/8758851
I think the 40% or so of the 70 million shares will beissued to "provide Yappn with working capital". Which hopefully means a press release soon with those details. I am thinking Crede CG II Ltd.
Therefore I think it is 30 million total for the Plesk owners, 70 Million for INT and "partners" which means 100 million outstanding shares. Make sense? Probably not cause 5 mins from now I will look at it again and think different. lol Again, my guess only.