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Re: Simonb217 post# 3233

Thursday, 07/24/2014 11:01:48 AM

Thursday, July 24, 2014 11:01:48 AM

Post# of 36822
7/22 aquisition CDIF issued approximately 400,000 shares of CDIF Preferred Class “D” Shares as consideration for the Acquisition. Based on the price of $2.50 per Preferred “D” Class of stock the acquisition consideration represents a $1,000,000 evaluation.



The Preferred “D” share of stock was adjusted as a result of the authorization and declaration of a special distribution with a conversion rate of 1 to 5 Common Stock ("Special Conversion"). The Special Conversion right is granted as a result of a Lock-Up/Leak-Out clause designated by CDIF pursuant to the terms of the Acquisition.

2.50 /5= .50 per common share
The conversion to common share value is .50
1 class D share equal is coverted to 5 common.
See the value?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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