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Tuesday, June 21, 2011 11:09:20 AM
"As part of the agreement, AquaStar has acquired 100% of the shares of SUTIMCo in exchange for $9,500,000, payable in $4,000,000 of preferred stock in AquaStar and $5,500,000 in cash to be paid within a 24 month period from the date of closing."
$4,000,000 in prefered stock (at 0.001/share) = 4,000,000,000 shares.
Although we do not know restrictions of prefered shares, I am not expecting the float to change in the near future.
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