Looks like shares OS are
Six months ended October 31, 2011
Weighted Average Common Shares Outstanding
Basic 207,827,426
Effect of stock options 17,898,217
Effect of stock purchase warrants 27,950,110
Diluted
253,675,753
Seems the numbers or pecents given don't jive... wouldn't this give JJ 5.6 percent of the FD shares not 6.34 as the NR stated?
Also, JJ needs 126,837,876.5 plus 1 shares if the above FD numbers are accurate.
The offer seems like JJ is giving a value for GBK that does not include the recent arbitration award giving GBK back the 25% of JJ. That seems to be their way of saying they disagree with the award.
Since JJ have still not provided GBK with the requested financial info on Canadian Royalties, GBK cannot place a monetary figure on that 25%, how in the heck can they approve this without this info, imo it's ludicrous.
M