leverage102 Saturday, 07/19/14 04:36:32 PM R
Post# of 2102
Re: Bayguy post# 46322
Post # of 46333
BEFORE The IPO CPA's Have The BOOK Value of ICBT Shares AT .0039 AFTER THE OFFERING NEW BOOK VALUE; .2251 $$$ !!!!! AS HIGH AS .7749!
CHECK PAGE 9 or 10 on The S 1 Filing For CONFIRMATION!!
ICBT is a VALUE PLAY!! Gartth KNOWS IT TOO!! GARTH KNOWS THE $ 15 MILLION, that ICBT RECEIVES 60 % of will REFLECT ON ICBT's PPS!!
* BIGGER MONEY TO FOLLOW $$$$$$$$
He Dosent NEED TO PUMP THE STOCK TO DUMP!! HE KNOWS ( ALONG With EVERYONE ELSE FOLLOWING ICBT) The MINES WILL SPEAK FOR THEMSELVES ONCE THE DEEP CORE DRILLING TESTS ARE IN HAND!! THE PPS WILL REFLECT IN DIMES!!! $$$
DILUTION OF THE PRICE YOU PAY FOR YOUR SHARES
The price per share to be paid by investors in this offering will be significantly greater than the price per share paid by our existing shareholders. The difference between our initial public offering price per share of common stock and the pro forma net tangible book value per share of common stock after this offering constitutes dilution to investors in this offering. Our net tangible book value per share is determined by dividing our net tangible book value (total tangible assets less total liabilities) by the number of outstanding shares of common stock.
Dilution arises mainly as a result of our arbitrary determination of the offering price of the shares being offered. Dilution of the value of the shares you purchase is also a result of the lower book value of the shares held by our existing stockholders. The following table illustrates the dilution to shares held by new investors in the offering.
Offering price per share
$ 1.00
Net tangible book value per share before offering
$ (0.0039)
Pro forma net tangible book value per share after offering
$ 0.2251
Increase to existing shareholders in net tangible book value per share after offering
$ 0.2290
Dilution per share to new investors in the offering
$ 0.7749
http://www.sec.gov/Archives/edgar/data/151278...30s1a3.htm