I see a lot of excitement here about BUR buying a company that...

I see a lot of excitement here about BUR buying a company that has only been incorporated less than 10 days ago but noone has really answered some of the valid questions that have been asked here.

There are 1.1 Billion existing shares out there that we all own.

If this purchase of SSG (a 10 day old company) happens

* SSG recieves $100,000
* SSG recieves 3.7 Billion shares (diluting our existing shares down by more than 1/3 giving them more than 50% ownership)
* If they reach their performance milestones SSG receives a further 1.5 billion shares (further diluting our shares)

What are the 200 million facilitation shares for?

So if this "purchase" of an 10 day company goes through and milestones are achieved.

The number of shares goes from 1.1 Billion to 6.5 billion shares with 5.4 Billion shares going to SSG vendors. So SSG vendors will hold 83% of the shares in the company after the dust settles here. Do they have the right to force us to sell them our shares?

This is a sweet deal for SSG.

Not too sure about our ownership of BUR being diluted by 84%.

Happy to be corrected on these figures as I am no expert at all. I had given up on this company a long time ago and have joked with my friend that I was prepared to ride this puppy into the ground like Major Kong.


Now it seems BUR will "purchase" a rocket company and these jokes have actually become a reality.