Cardiff Lexington Corp (CDIX)

[getmoreshares]

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?