Players Network Inc. (fka PNTV)

[lesgetrich]

The price has to be $.62 in the 3 days FOLLOWING the sale of the shares.

I think I calculated that wrong earlier. The first purchase is at 80% of the lowest average price of the next three days after PNTV says they want their first installment/purchase. But the pps has to be at least at $.225/share before PNTV can ask for money. Subsequent purchases are made at 140% of that price. In the last scenario I described, Kodiak would have to bet that the pps gets above $.50/share within three years of that first purchase in order to make a profit.

Consequently...

If PNTV put 10 million shares to Kodiak at $.50 and Kodiak dumped all 10 million and still kept the price at $.62, they'd have a $1.2 million profit. If their dump drives down the price, they get them even cheaper. Either way, their profit is pretty much guaranteed at 20% of the WVAP.

...is wrong. The pps would only need to get to $.446 to trigger the $.50 (80% x $.446 x 140%) exercise price. Theoretically, the pps could never get to $.50 and immediately drop instead.

If the pps never goes over $.18 then the deal is off and PNTV is out 500,000 shares. I seriously doubt that there are any long term investors who don't believe this will go over $.18/share.