to compare apples to apples should our overall cost be the same in both scenarios...therefore
shares
|
cost
|
cost/sh
|
sell
|
value
|
500,000
|
$213,000
|
$0.426
|
$2.00
|
$1,000,000
|
|
|
|
|
|
665625
|
$213,000
|
$0.32
|
$2.00
|
$1,331,250
|
|
|
|
|
|
|
|
|
|
|
debenture profit
|
$787,000
|
|
|
open market profit
|
$1,118,250
|
|
|