V.P.:
<<<Immediately 3,800,000 shares out of 10 million shares to be issued
and outstanding>>>> the most BCMD can issue is 10 million, there is
currently 6.2 outstanding thus 3.8 will max the limit
(After 10:1 reverse split 380,000 = 38% of 1,000,000 to be issued and
outstanding) ...easy enough, the shares issued to JAB are also
reversed (3.8 mil becomes 380K 0r 38% of a reversed 10 million shares
to 1 milllion shares)
the rest of it is a performanced based share option for JAB based on
the performance of the stock price over the next 120 days, after the
120 days are expired JAB would recieve a percentage of the newly
issued(post split) performance options that allows them control of the
company.
What I like most about this is that industry wide the average gold company has hundreds of million shares OS. The reverse necessary
in this scenerio is to allow sufficent shares available for the merger to take place.
Also JAB will pay all loans, bills, law suits now and future, which makes BCMD toll free.
Hope this helps,
Frank
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