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 Tracking 1053 U.S. listed China Stocks and Counting...
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 Ensign Services (PINK:ESVC)

Saturday, March 13, 2010

Post Merger Share Calculation:

  • 10,000,000: Pre reverse merger outstanding shares
  • 45,900,000: Newly issued shares of Common Stock (August. 2009)

GeoTeam® best effort calculation of total post reverse merger outstanding shares assuming full conversions:  55,900,000

Note:

Pursuant to the Escrow Agreement, the Company placed 30,405,800 Acquisition Shares into an escrow account, pending the approval and registration of the Subsequent Acquisition in accordance with applicable Vietnamese laws and regulations. Upon the Subsequent Closing, the Escrow Shares will be released to the Timex A&S Shareholders, and 51% of the outstanding capital of Timex A&S will be released to the Company. If the Subsequent Closing has not been completed by December 31, 2012, any Escrow Shares or outstanding shares of Timex A&S held in the escrow account shall be returned to the Company and the Timex A&S Shareholders, respectively, unless otherwise agreed by the parties.