$LAHO - I really think that the math here is s
Post# of 432
I really think that the math here is simple
If person held 10,000,000 shares of LAHO that would represent 10,000,000/4,000,000,000 or a 0.0025. so they would get an equivalent of 0.0025 of preferred shares of 8,000,000 times 0.0025 which is 20,000.
So then - 8,000,000 shares of preferred converts into 2.7 times total shares outstanding of MSSV or a total ownership in MSSV of 73% calculated as 7,960,038 shares in MSSV time 2.7 equals 21,492,102. That means 21,492,102 divided by (21,492,102 plus 7,960,038) gives 73%.
The 20,000 preferred shares would receive a total ownership in MSSV of .0025 times .73 or 0.001825. So basically the shareholder who originally had an ownership in LAHO of 0.0025 would end up owning an ownership of MSSV of 0.001825 and when 0.001825 is divided by 0.0025 give 73% so that shareholder would have taken a haircut of 27% ownership.
HOWEVER, since it is preferred shares and it says 2.7 times at time of conversion, it means that the preferred shareholder retains the 0.001825 ownership in MSSV for as long as that shareholder holds onto the preferred shares up to 2 years. If the company issues any additional shares for whatever reason, that shareholder still retains the same percentage ownership of MSSV of 0.001825.
Now remember people, the S/S of LAHO & MSSV are night and day different. LAHO had an O/S of 4.5B and MSSV has an O/S of 8M.
So even if we get a haircut on our share count, we're in a whole different world now with an 8M O/S. With the revs of GSCG the potential in pps is staggering.
I'm still taking a wait and see approach on this. I don't think it was a scam to start with and I still don't this it is a scam.