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BLT 18.5¢

++ data and comment: update ++

  1. stolwyk

    22,691 Posts.

    Study: Post 1

    Financials and shares:

    Cash: $3.12 mill. on 28 Aug.

    Shares: 60.88 mill. (0.55 mill. in escrow)

    7 mill to pay 50 cents on 31/12/03 or a total of $3.5 mill.

    0.2 mill +10 mill to pay $1 on 31/12/04 or $ 10.2 mill.
    2 mill to pay 50 cents on 31/12/04 or a total of $1 mil.

    4.75 mill options to pay $8.062 mill on 31/12/05

    0.625 mill to pay $1 on 28 July 2009 , total $0.625 mill.
    0.935 mill. to pay 50 cents on 28 July 2009, tot. $0.468 mill.

    There is also income to come from:

    Worldwide exclusive license to PROMEGA:

    Shares and options:

    Shares: 60.88 mill. (0.55 mill. in escrow)

    Options: 23.95 mill to convert on/ before 31/12/2005
    1.56 mill to convert on/before 28 July 2009.

    Subject to audit.

    Gerry Stolwyk
    Please do your own research and you decide if and when to buy, hold or sell any stocks.

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