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Re: None

Tuesday, 10/18/2016 9:59:57 AM

Tuesday, October 18, 2016 9:59:57 AM

Post# of 29204
Note "Full Ratchet" - Bad for long-term retailers.

From the 8-K { Each share of Common Stock will be sold at a price of $1.20. Each Series B Warrant will have an exercise price of $1.20 per share of Common Stock, $1.19 of which will be pre-funded at closing and $0.01 of which will be payable upon exercise. Each Series A Warrant will have an initial exercise price of $1.34 per share of Common Stock, and the exercise price (but not the number of underlying shares of Common Stock) will be subject to a “full ratchet” anti-dilution adjustment if the Company issues or is deemed to have issued securities during the two and one-half year period following the issuance of the Series A Warrants at a price lower than the then-applicable exercise price. }

Bill
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