iCoreConnect Inc (ICCT)

[fojcol]

No, they paid 1.94M shares of their common stock (not 1.94M worth of stock). At the present price (.0017), that's $3,298.00. Either ICDLogic has an awfully large amount of debt, or they're REALLY expecting the price to appreciate, like now! Then again, I wonder what that "subject to adjustment" actually means.

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On November 30, 2017 iCoreConnect Inc., a Nevada corporation (“Buyer”) acquired substantially all of the assets and business of ICDLogic LLC, a New York limited liability company (“Seller”), in exchange for (i) 1,940,000 shares of Common Stock of Buyer, subject to adjustment, and (ii) the assumption of certain specified debts, liabilities and obligations of Seller, all upon the terms and conditions set forth in an Asset Purchase Agreement dated as of November 30, 2017 between Seller and Buyer (the “Asset Purchase Agreement”).
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