625 million shares @ .0002 sold to LG.....so they would want to dilute at a higher pps than that.
GLTA!
At an assumed purchase price of $0.00021 (equal to 70% of the closing price of our common stock of $0.0003 on June 9, 2015), we will be able to receive up to $131,250 in gross proceeds, assuming the sale of the entire 625,000,000 shares being registered hereunder pursuant to the LG Investment Agreement. LG has agreed to refrain from holding an amount of shares which would result in LG owning more than 4.99% of the then-outstanding shares of our common stock at any one time.
