InvestorsHub Logo
Followers 4
Posts 284
Boards Moderated 0
Alias Born 11/25/2014

Re: Atom Smasher post# 43291

Friday, 05/26/2017 2:24:31 PM

Friday, May 26, 2017 2:24:31 PM

Post# of 73649
I think you're looking at where it is calculating the S-1 fee. That shouldn't impact the sales price at all. However, they are issuing shares at a 50% discount per Pg. 17 below. There is no maximum for what they can be sold into the market at, but they can't sell them until they are registered, probably by the end of June.

Pg. 17

The per share purchase price of the Second Closing and Third Closing will be the lesser of (i) $0.02, subject to certain adjustments for stock splits and other similar transactions, or (ii) 50% of the closing price on the trading day immediately prior to the date of sale (the “ Per Share Purchase Price ”). The total number of shares to be sold in the Second Closing and Third Closing will be determined by dividing the total purchase amount of each closing (i.e., $150,000) by the per share purchase price.