have just started looking at accounts of goldsborough.assuming...

have just started looking at accounts of goldsborough.

assuming our investment in goldsborough held in octanex accounts at June 2010 at fair value, our 29.15% ($1,082,844) should mean total net assets of goldsborough of $3,714,731.

we exercised options (16,081,597 @ 10c) increasing our investment to 45.15%, and increasing company net assets to $5,322,890 (our share $2,402,822)

Using this calculation we should be up for approx $2,920,068 to acquire the balance of the company.

I believe total issued capital of Goldsborough is 71,250,029,
with net assets of $5,322,890 or 7c a share. We excerised @ 10 cents.

Regardless of GA holding, needs to act in best interest of all shareholders, and I expect thats what we will see.