working for marcy & tony
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only thing we can ask is where are you getting down payment is all but think its already covered.
reprinted for clarity from edgar
ed3/6me
Member Level
Re: wxdog post# 6617
Tuesday, January 10, 2023 3:13:34 AM
Post#
6618
of 6910
Section 3.2 Buyer’s Delivery. On the Closing Date, Buyer shall deliver the following to Seller, conditioned upon (i) all of Seller’s representations and warranties set forth in Section 2, above, shall be true and correct as of the Closing, and (ii) Buyer’s performance of its delivery obligations in section 3.1, above:
(a) The total purchase price of Twenty-Eight Million Five Hundred Forty-Six Thousand Nine Hundred Sixty-Eight and 36/100 ($28,548,458.76) in United States Dollars Shall be delivered in the following proportions:
i. Down Payment of Two Hundred Twenty-Five Thousand United States Dollars ($225,000.00) in immediately available funds delivered to the Seller pursuant to executed Letter of Direction provided by the Seller.
ii. An amount equal to Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) shall be offset against the Purchase Price at the Closing in full satisfaction of certain obligations of the Sellers to the Company as contained in the Multiparty Stock Purchase Agreement associated with the Contract Assignment Agreement; and
iii. An aggregate amount equal to Twenty-Four Million Ninety-Two Thousand Thirty-Eight and 31/100 Dollars ($24,092,038.31) pursuant to one or more secured promissory note(s) (the “Promissory Note(s)”) as associated and assumed from a Contract Assignment Agreement providing for installments of not less than One Million Five Hundred Five Thousand Seven Hundred Fifty-Two and 39/100 Dollars ($1,505,752.39) commencing on the ninetieth (90th) day following the date on which the registration by Aqua Power Systems, Inc. of its securities with the U.S. Securities and Exchange Commission (the “Commission”) has been qualified or declared effective and continuing every ninetieth (90th) day thereafter until the Purchase Price and all accrued but unpaid interest thereon has been paid in full.
iv. The final payment shall be made to the Seller in the amount of One Million Seven Hundred Thirty-One Thousand Four Hundred Twenty and 45/100 Dollars ($1,731,420.45).
(b) Within 30 days of the definitive agreements the Public Company shall file a registration statement (registered offering) with the Securities and Exchange Commission (SEC). Subsequently, the first payment should be anticipated to be made within 90 days after the Securities and Exchange Commission (SEC) qualifies the registration statement.
no the financing. in the aquisition letter of purchase they stated the transaction was financed with credit.check edgar
I published a post on it early in the week. Look my post up
now iws mkul
what does the merger look like? everyone else is still on qerc
Back on the move
you would think with the advent of the new covid strain this would have more interest
watching out for the reef
3 power with rumblings
Not mine. Have 1 at .0006 and a sell at 12.50
tried to put a high sell order here to protect my position and was stopped. is there a reason?
as stated this is the last gasp to get the cheap shares on the market. hope the glutton got what they want. wonder what umbrella was used. think the volume states that as yesterday was in the hundreds. want to see change fast today? slap the ask and pound it
Have torvf and they both are killing me. Will set sells on both and concentrate on my hoise
And we wait and hope the money people are not playing for advantage
My portfolio is crap so I am putting an ask in and signing off now till easter
Might be clearing the way for multinational compaby
if these guys are serious they better get to snapping everthing thats offered while its cheap
reverse in process. get it to a dollar and they can have mine... this drama is too much
think the powder is running out for the day
conspiracy guy here. lets imagine you are a person with means who has say pererred stock in astronomical figures you only want to use for control and not for real. you have seen what some companies are going through on otc and think to yourself,,, i want flexibility and a huge payoff. lets short the hell out of our stock and swoop in and grab the bulk of unrestricted stock without destroying actual value... what would you do? what could you do? what are you doing?
someone is behind depression here. company with assets and good board bought a t a great price and expanding biusness model? should be more welcomed
they are waiting for the rest of us to get out of the way. buy stupid sale prices cheap then run it up
its in the purchase agreement i put up on monday
hollywood squares
am really tired of ticking off the boxes.. ceo industry company and structure scope of operations plan future price growth and something comes along and smacks me again. youg guys should pay me to stay out. as i seem to relocate people who want to short and sell a lot bad mouth and denegrate as well as bring up old buisness to manipulate price and make their profit.
when will we see a piece of info that sends us where we belong! Time for some confidence building mr carnes!
oops. but at least its what the ce was about
ok carnes is out but what does it mean to us and more important what about the preffered stock. is it company or carnes?
check your first link. took me to edgar news with a suspension article from 2017
what does the suspention mean for dbmm?
what does it mean? 2017
Section 3.2 Buyer’s Delivery. On the Closing Date, Buyer shall deliver the following to Seller, conditioned upon (i) all of Seller’s representations and warranties set forth in Section 2, above, shall be true and correct as of the Closing, and (ii) Buyer’s performance of its delivery obligations in section 3.1, above:
(a) The total purchase price of Twenty-Eight Million Five Hundred Forty-Six Thousand Nine Hundred Sixty-Eight and 36/100 ($28,548,458.76) in United States Dollars Shall be delivered in the following proportions:
i. Down Payment of Two Hundred Twenty-Five Thousand United States Dollars ($225,000.00) in immediately available funds delivered to the Seller pursuant to executed Letter of Direction provided by the Seller.
ii. An amount equal to Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) shall be offset against the Purchase Price at the Closing in full satisfaction of certain obligations of the Sellers to the Company as contained in the Multiparty Stock Purchase Agreement associated with the Contract Assignment Agreement; and
iii. An aggregate amount equal to Twenty-Four Million Ninety-Two Thousand Thirty-Eight and 31/100 Dollars ($24,092,038.31) pursuant to one or more secured promissory note(s) (the “Promissory Note(s)”) as associated and assumed from a Contract Assignment Agreement providing for installments of not less than One Million Five Hundred Five Thousand Seven Hundred Fifty-Two and 39/100 Dollars ($1,505,752.39) commencing on the ninetieth (90th) day following the date on which the registration by Aqua Power Systems, Inc. of its securities with the U.S. Securities and Exchange Commission (the “Commission”) has been qualified or declared effective and continuing every ninetieth (90th) day thereafter until the Purchase Price and all accrued but unpaid interest thereon has been paid in full.
iv. The final payment shall be made to the Seller in the amount of One Million Seven Hundred Thirty-One Thousand Four Hundred Twenty and 45/100 Dollars ($1,731,420.45).
(b) Within 30 days of the definitive agreements the Public Company shall file a registration statement (registered offering) with the Securities and Exchange Commission (SEC). Subsequently, the first payment should be anticipated to be made within 90 days after the Securities and Exchange Commission (SEC) qualifies the registration statement.
ARTICLE IV
MISCELLANEOUS
can anyone explain the bleeding in a rational way then? I have seen this reaction over and over again in the last year. It is not a new trend or even logical if looked on in face. Know they have not published their finance package or future events for us yet. but, it is still not reacting like a company that just aquired a major asset.
lets show them we are here for the money!!!
scraped the barrel and got a few more too. now i will ignore as i want to keep some crap positions elsewhere
never say never. if you can flip a hot stock for short term it is investing
and the reason i keep nibbling at these prices.the game will end soon.. believe!