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DNAX PAR VALUE OF STOCK IS .001 That's

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varmit   Friday, 05/08/15 11:56:54 PM
Re: iReapZzYy post# 21047
Post # of 58300 
DNAX PAR VALUE OF STOCK IS .001
That's the lowest value the company can sell the stock

So we can't be having dilution here with par at .001
Here is a fact

When referring to shares of stock in a Delaware company, Delaware par value is the bottom or lowest limit set to the value of a share of stock in a corporation. A share may not be bought, sold or traded for less than the par value. Simply stated, if the par value of a share is $1.00, then it cannot be issued to an investor for less than a dollar, paid for in funds or services. Par value sets only your bottom limit, but the board of directors may set the price of stock at any amount above par. Let’s say your par value is $.01 but the board of directors sells stock to an investor for $5.00 per share. This is perfectly legal. The board may ask any price and the investor pays what the market will bear. But keep in mind that you are selling some percentage of your corporation with each share you issue or sell.

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