Swordfish Ventures Inc. (0001479779)

WEB NEWS

Sunday, October 3, 2010

Direct Public Offering

Swordfish Ventures plans for Direct Offering.

Company Snapshot:

Intend to open karaoke studios in various locations in China

Underwriter: Direct Offering

Proposed offering price: $0.01

Post IPO Share Calculation: (Using a 1 to Ordinary to ADS conversion ratio).

  • 4,000,000: Pre IPO fully diluted share count used in EPS calculation.
  • 1,000,000 to 2,000,000: Newly issued ADS shares
  • : Shares from warrants issued to underwriters
  • : Over-allotments ADS shares 
  • : Miscellaneous

GeoTeam® best effort calculation of total post offering share count:  5,000,000 to 6,000,000

Financial Snapshot:

Our business since inception had an average monthly burn rate of $596. Once we begin to implement our proposed business our burn rate is approximately $416 to $1,250 each month in the event that we raise the minimum or maximum amount, respectively. We expect to have a positive cash flow once operations are fully functional after the 12-month period,



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