Vote NOShutte owns 27% of co. If he were to invest $2 million to get RP to commercialization he would own 55% of co. Does anyone really expect him to spend $2 million as a private co. or will he just shop the assets around until he finds a buyer?
| Schutte | Total | Shutte % |
Shs | 17,401,616 | 65,001,560 | 26.8% |
$2M @ $0.05/sh | 40,000,000 | 40,000,000 | 100.0% |
| 57,401,616 | 105,001,560 | 54.7% |
| | | |
| Schutte | Total | Shutte % |
Shs | 17,401,616 | 65,001,560 | 26.8% |
Wrts | 6,744,776 | 11,384,559 | 59.2% |
Options | 1,155,000 | 4,075,000 | 28.3% |
Convertible pref | 250,000 | 1,089,125 | 23.0% |
| 25,551,392 | 81,550,244 | 31.3% |