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Monday, March 06, 2023 2:47:59 PM
its embarrassing to humanity that the PURCHASE by Arman is being disputed.
something "ASSUMED" in the finance world is something "calculated".
it is used in contractual language literally millions of times every single day.
the purchase price was ASSUMED because, as it already had stated in the 8k, the purchase PRICE was based upon the placement terms "above" - and those terms were spelled out for you... AND I ACTUALLY QUOTE: "The final purchase price per unit will be equal to 90% of (i) the intraday volume weighted average price of the common stock as of the first closing, which occurred on January 12, 2023, and (ii) the intraday volume weighted average price of the common stock on the date of the final closing in the Placement Agent Offering, whichever is lower;"
that which i quoted is the formula for which there is therefore an ASSUMED purchase price. the purchase price ASSUMES its value from the calculation.
thanks for the link
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