Can someone post the math on this? Here is my math, but it doesn't add up to the numbers in the press release. Can someone help me out?

Math:

Shares Outstanding Closing Price Market Cap
====== ======= ========= =========
RMK 153,669,000 $0.24 $36,880,560
ONT 128,120,000 $0.40 $51,248,000


ONT offering 0.80 ONT shares for each RMK share.

This means that Ontex is offering 153,669,000 * 0.8 = 122,935,200 Ontex shares.

122,935,200 * 0.40 = $49,174,080 for RMK, a premium of $12,293,520 ($49,174,080 - 36,880,560).

This would represent a 33.3% premium ($12,293,520 / $36,880,560)

This means that there are now 251,055,200 outstanding shares of Ontex (128,120,000 + 122,935,200).

Now lets factor in the 1-for-3 reverse split, which will happen before this deal closes.

Since this anouncement, Ontex's shares have tanked to $0.35.

Assuming a share price of $0.35, this means Ontex's share price would be $1.05 and there would be 42,706,666 (128,120,000 / 3) Ontex shares outstanding.

Ont would be offering 0.266 (1 / 3.75) ONT shares for each RMK share.

This means that Ontex is offering 153,669,000 * 0.266 = 40,875,954 Ontex shares.

This would put the total outstanding shares at 40,875,954 + 42,706,666 = 83,582,620