American Premium Water Corp. (HIPH)

[Gemma]

You have to be careful with the wording that was used. The whale probably didn't actually buy at .40 cents per share; The whale may have only lent money to the company at some price (.03 or .04 cents per share) with the expectation that he can sell the shares at .40 cents when the price reaches .40 cents. Until then the whale may be stuck with the shares. Of course not knowing the details of the deal (because its secrete) the terms could be anything. There are a multitude of different ways a deal like this could be structured, unfortunately not many would have the whale paying .40 per share.