MetAlert Inc (MLRT)

[khmerican]

Response from CEO Patrick Bertagna.

There is a process by which the Company has to state a “range” for the per share price, until the Reg A becomes effective. Since it may take a few iterations or questions and answers with FINRA, before it is approved, and because during that back and forth the market price may fluctuate, we provided a price range but caped with a maximum amount of shares and dollars. We are however, quite confident once FINRA has asked all their questions, etc. we will “finalize” the Reg A share amount and believe it will be priced above market so probably closer to 3 or 4 cents.

So you are correct that $2 million at 2 cents would be approximately 100 million shares which is the maximum amount, but at 3 cents its approximately 66 million shares and at 4 cents would be approximately 50 million shares, etc. So the higher the price the less amount of shares, the total amount of dollars stays the same, that is capped at 2,000,250.
Hopefully this helps.

What I think:
Bullish. Accumulate.