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Re: MWM post# 14780

Thursday, 06/27/2019 11:38:53 AM

Thursday, June 27, 2019 11:38:53 AM

Post# of 59315
"In April, 2019, the Company completed the acquisition of certain assets of KB Medical Systems, LLC, an unaffiliated company for a total of $2,000,000, of which $1,000,000 was paid in cash at closing and the balance of which will be paid in the future in shares of unregistered common stock of the Company based on the five day trailing average closing market price of the common stock on the date which is six months after closing. KB Medical Systems, LLC will remain in existence after closing and will continue its separate business operations at its original offices in Washington, DC. The assets acquired, which were acquired free of any and all liabilities of KB Medical Systems, LLC, have been contributed by the Company to a newly formed Virginia subsidiary corporation, CareClix, Inc., incorporated for that purpose. CareClix, Inc. has commenced new operations at the offices of the Company in Virginia and only two former employees of KB Medical Systems, Inc. have been employed by CareClix, Inc."

They're getting $1m worth of stock based on the trailing five day average in October 2019 if I read that right, right now that's about 1% ownership. How is that not paying $2m for the business?

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