From the June Q10:
Undesignated preferred stock, $0.01 par value — 10,000,000 shares authorized; no shares issued or outstanding at June 30,
2012 and December 31, 2011 — —
Common stock, $0.01 par value — 350,000,000 and 250,000,000 shares authorized at June 30, 2012 and December 31,
2011, respectively; 199,300,833 and 131,522,945 shares issued and outstanding at June 30, 2012 and December 31, 2011,
respectively
Gives something like the following:
| Common Shares |
|
| Old Current Common Count |
131000000 |
| Additional 2012 issued |
69000000 |
| New to Mann Group |
40000000 |
| New to Market |
40000000 |
| Over Subscribed |
6000000 |
| Common Sub Total |
286000000 |
| |
|
| Warrants |
|
| Additional 2012 (60%) |
41400000 |
| New to Mann Group (75%) |
51750000 |
| New to Market (75%) |
30000000 |
| Over Subscribed (75%) |
30000000 |
| Warrant Sub Total |
153150000 |
| |
|
| Total Possible Share Count |
439150000 |
.
So it looks like they can get this done within the current authourized share count of 350M and may only have to get the count increased in 2016 if the first round of warrants is exercised.
Comments appreciated, especially if me math be off,
OOG
