Sunday, September 11, 2016 3:15:34 PM
They quoted the 30 kW kits at a price of $25 to $35 k (I think it has varied over time). That would translate into a 25 to 35 million dollar sale. Do the math on what that would do to share price....
From the 8K:
"Under the terms of the Purchase Agreement which details the specific sales milestone of achieving binding agreements to sell 1,000 of the Company's Mobile Generation (MG) kits to any one or a combination of four equipment manufacturers within 100 days, the Company has the right to require the Reporting Person to purchase from the Company four million restricted shares of Common Stock at a purchase price of $0.05 per share and a warrant to purchase four million of common stock at an exercise price of $0.06. The warrant shall expire five years from the date of issuance and has no provision for cashless exercise."
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