Anyone see the surfer boy and Deb packing up today? The purchase of the Preferred Stock is scheduled in three tranches. The first closing date is July 31, 2014. At that time, Viable has agreed to purchase 250 shares of Preferred Stock for $2,500,000. Upon the first closing, these shares of Preferred Stock will represent 78.9% of all issued and outstanding capital stock of the Company. Consequently, the first closing will result in a change of control of the Company.