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Re: psykotik1 post# 25333

Monday, 01/22/2007 1:30:53 PM

Monday, January 22, 2007 1:30:53 PM

Post# of 162847
So what in essence phykotic is saying is the amount of shares to be sold at a later date(it will be a 144 restriction) will be determined by the PPS at the day of that sell! So to put it into perspective, let say that a 2 years from now(the typical 144 period) the PPS is 2 bucks(I believe it will be higher) then so to absolve the shares in excrow, Golden Gate would be allowed to sell 2.5 million dollars worth of shares or 1,250,000 shares at 2 bucks! The rest of the shares at that time will be cancelled and the debt payed off! So Golden Gate makes around 3/4 of a million on a 2 year loan! I just got off the phone with Andrew right after he talked to Richard(psykotic)! The shares can not be sold and have no effect on our current o/s of 76m! Mr. TrendGreen


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