What is wrong with my math? If I read it correctl
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Posted On: 11/13/2017 3:36:11 PM
What is wrong with my math? If I read it correctly shouldn't anyone with 399 shares be able to get $123.69 on an investment of say $23 at current pps.
For purposes of calculating the filing fee only, this amount assumes the aggregate cash payment of $7,750 by the Issuer in lieu of fractional shares
immediately following a 1-for-400 reverse stock split to holders of fewer than 400 shares of the Issuer’s common stock prior to the reverse stock split.
The aggregate cash payment is equal to the product of the price of $0.31 per pre-split share and approximately 25,000 pre-split shares, the estimated
aggregate number of shares held by such holders.
$BDVB
For purposes of calculating the filing fee only, this amount assumes the aggregate cash payment of $7,750 by the Issuer in lieu of fractional shares
immediately following a 1-for-400 reverse stock split to holders of fewer than 400 shares of the Issuer’s common stock prior to the reverse stock split.
The aggregate cash payment is equal to the product of the price of $0.31 per pre-split share and approximately 25,000 pre-split shares, the estimated
aggregate number of shares held by such holders.
$BDVB
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