MICAP: Distrubeted 8,965,000 X 4 = 35,860,000 + 28,800,334 = 64,660,000
total shares of MDIN. Well hell that's one way of looking at it.
I wonder if 1/3 of the shares went to early PP folks, as they were settled
up with on a 3 to 1 basis. IMO it was 2 shares of common and you would get
1 share of Pfrd. yet I wonder if the 1 share was converted down to 1 to 4
ahead of the issueing?? hmmm that leaves us 1,465,000 @ 4 to 1 or a total
of 5,860,000 common, and they got 2 for 1 so that would be 11,720,000
for a total of 7,032,000 shares in MDIN. the news said 28,800,334 total
less the 7,032,000 = 21,768,334 and NPEC hold 14,400,000 some- = 7,368,334
now that's what could be a float? yet FMMG stated on or about May 98
there were 4,703,000 in the float on outstanding of 47,633,400 and we
went up to 53,800,334 - 47,633,334 = 6,167,000 well now that's close.
were looking for about 1,281,334 or some shares yet. Someone help with
this mess as that's about it for me.
Regards,
Jim....
P.S. It will be more fun to see what they can do with this now that all the
stock is Class "A" Preferred and NPEC owes nothing to MDIN or FIRE at all. |
