2Fast....Could you please provide your comments on the below.
After giving effect to the acquisition of the Securities (totaling 38,095,238 shares, 33,650,794 of which remain held in escrow), Mr. Boulle beneficially owns and controls, directly and indirectly through Spirit, the following securities of the Company:
69,572,436 common shares representing 58.7% of the Company's current issued and outstanding common shares on a non-diluted basis;
the Balance Warrant to purchase 6,349,206 shares, exercisable at $0.0315 on or before January 7, 2015; and a warrant to purchase 8,000,000 shares, exercisable at $0.05 per share from May 13, 2013 to May 14, 2016 (the "PP Warrant").Assuming full exercise of the Balance Warrant and the PP Warrant into a total of 14,349,206 shares, and assuming no further share issuances by the Company, Mr. Boulle would directly and indirectly own a total of 83,921,642 common shares, representing 63.2% of the then issued shares of the Company.