TOUCAN CORP.
Sabanilla de Montes de Oca, Urbanizacion Carmiol, Casa 254, San Jose, Costa Rica
Agust 26, 2014
Mrs. Kathleen Krebs
Division of Corporate Finance
U.S. Securities and Exchange Commission
100 F Street, NE, Washington, DC 20549
Reference: Toucan Corp.
Registration Statement on Form S-1
Filed on: April 15, 2014
File No. 333-195267
Dear Mrs. Krebs,
We received your oral coment dated August 26, 2014, pursuant to the Securities Exchange Act of 1933, as amended, please find the Company’s Amendment No. 3 on Form S-1 to its Registration Statement on Form S-1, marked to show the changes to the Company’s Registration Statement on Form S-1, as filed with the Securities and Exchange Commission on April 15, 2014:
We have revised and updated the table to the most recent quarter, following your oral comment. The most recent quarterly stock holder equity equals (-1). We have also showed the calculations:
$90,000 3,000,000 x$ 0.03 | $67,500 | $45,000 | $22,500 | |
Offering price | $0.03 | $0.03 | $0.03 | $0.03 |
Net tangible book value per common share offering | $0.0000 ((-1)/4,000,000)) | $0.0000 | $0.0000 | $0.0000 |
Increase per common share attributable to investors | $0.0111 (Pro forma net tangible book value per common share after offering - Net tangible book value per common share offering) (0.0111-0.0000) | $0.089 | $0.0060 | $0.0022 |
Pro forma net tangible book value per common share after offering | $0.0111 ((amount of new funding + stock holder equity)/shares after offering) ((90,000+(-12,000)+(-1))/7,000,000)
| $0.0089 | $0.0060 | $0.0022 |
Dilution to investors | $0.0189 (offering price - book value after offering per share (0.03-0.0111) | $0.0211 | $0.0240 | $0.0278 |
Dilution percentage of offering price | 63% (dilution to investor / offering price) (0.189/0.03) | 70% | 80% | 93% |
This letter responds to all comments contained in our oral conversation dated August 26, 2014. We are requesting that your office expedite the review of this amendment as much as possible.
Please direct your further comments or questions you may have directly to us via email at:
Mikhail Bukshpan
toucancorp@gmail.com
1-514-448-4530
Thank you.
Sincerely,
/S/ Mikhail Bukshpan
Mikhail Bukshpan, President