I totally agree. Here's one scenario. Only 330 mil 3a10 shares would be issued to Livingston in a total of 8 tranches between $100k - $120k. Apologies for everything being squished together.
Here's my math:
3a10 shares
Tranche 1 74,146,000 0.00157 $116,409
Tranche 2 60,000,000 0.00200 $120,000
Tranche 3 50,000,000 0.00250 $125,000
Tranche 4 40,000,000 0.00300 $120,000
Tranche 5 30,000,000 0.00350 $105,000
Tranche 6 25,000,000 0.00400 $100,000
Tranche 7 25,000,000 0.00450 $112,500
Tranche 8 26,000,000 0.00500 $130,000
Tranches 1-8 330,146,000-------- $928,909