Try at simplifyingIn an attempt to simplify things, I used the chart provided by the board to the Concerned Shareholders and added some statistics. The important fact is that the IFC, us and a few others currently hold 65.68% of all outstanding shares in EOM and would be eligible to collect that percentage if there was a buyout today. Under Tranche 2 (a yes vote) with the dilution of shares to Tenor and the shares allocated to Amber and Paulson, the latter do quite well maintaining their position only dropping from 34.55% of current common shares to 29.33% after dilution.
On the other hand our percentage of current common shares drops from 65.68% today to 21.88% after dilution. You can see how the dilution benefits Amber and Paulson at our expense. For all the calculations, the CRV accomplishes the same outcome for Amber and Paulson as this chart. If it walks like a duck, etc.
|
Participating Shareholder | Number of Common Shares Currently Owned/Controlled | Number of Common Shares to be Acquired in Tranche 2 | Current Percentage of Common Shares Owned/Controlled | Percentage of Common Shares Owned/Controlled post Tranche 2 |
| Anna Stylianides
Executive Chairman of the Company | 244,279 | 633,685 | 0.23% | 0.29% |
| Amber Capital LP | 24,259,470 | 29,783,192 | 22.85% | 18.01% |
| Paulson & Co. Inc. | 12,177,835
Total 36,681,584 | 20,911,603
Total 51,328,480 | 11.47%
Total 34.55% | 11.03%
Total 29.33% |
Other shares,
us, IFC etc 70,000,000 None 65.68% 21.88% *
* Assumes 320,000,000 outstanding shares post dilution