KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Dave E. who wrote (4458)	9/5/1999 7:44:00 PM
From: grayhairs	Read Replies (3) of 15703

Hi Dave, I don't think I hit that nail on the head at all. In fact, I think I smashed up my thumb pretty badly !!! Notwithstanding the Sept 3 press release by TMK which indicates "Shares issued 4,344,810", my calculations reveal that TMK will have 22,798,401 shares fully diluted. That's a whopping 5+ fold difference and it assumes that these last 800,000 shares of TMK have been acquired via a private "transaction" and not via a private "placement" !!! So, HTP will hold only 1.96\22.8 = 8.6% of TMK fully diluted. And, I fear that the printing presses have not been turned off yet either. Oh my thumb is throbbing !!!! Have a pleasant evening. Later, grayhairs

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