There were 20 mil shares in existing private company and a further 11.3 mil given to vendors
Balnace was 25 mil owned by us lot
The Value of these stocks is not disclosed
Sale dates below -
12Months from the da te of issue being 8March 2010 250,000 250,000 8March 2010 12Months from the da te of issue being 24March 2010 305,000 610,000 24March 2010 12Months from the da te of issue being 7 April 2010 525,000 50,000 7 April 2010 12Months from the da te of issue being 13 April 2010 330,000 - 2 June 2010 12Months from the da te of issue being 29 April 2010 50,000 - 12Months from the da te of issue being 24May 2010 50,000 - 12Months from the da te of issue being 24 June 2010 975,000 - 12Months from the da te of issue being 25 June 2010 800,000 - 12Months from the da te of issue being 30 September 2010 10,620,000 10,000,000 30 Sept 2010 24 months from the date of official quota tion. Expected to be 6 October 2010 13,286,999 7,913,333 6 October 2012
Fully diluted 80 odd mil to support $4 mil cash
SP could easily hit 5c in current market
Vendors are obviously profitable at these prices
MKO Price at posting:
9.0¢ Sentiment: None Disclosure: Held
