Originally Posted by
Bugaboo
Where do you get the 5M number from? I haven't read the filing very close....just skimmed through it. Didnt see mention of that number. I did see something about 1.75M or so shares being purchased by VA for an employee owned LLC...for 3M$ if my memory is correct. That was done around 4 years ago....I would imagine longevity will be factored into the IPO proceeds payout? If you don't know now you will know soon enough.
You forgot about the reverse stock-split. Something like 7.2:1.
The 3M loan was forgiven.
So the 1.75M shares, divided by 7.2 (the reverse split), multiplied by the expected price around $23/share is about $5M.