in the past 3 months that the SEPA has been in effect, the pps has ranged from .10 to .068...there was a long period in March where the pps hovered around .08...
here is the FULL quote that provides the info you, for some unknown reason (lol), left out...
" As of the date hereof, we have sold 2,613,333 shares under the SEPA at varying purchase prices, ranging from $0.0768 to $0.092, which
resulted in aggregate gross proceeds of $201,163 to the Company."
the VWAP is calculated on a 3 day period...and the price yorkville receives is the lowest VWAP price in that 3 day period...
2,613,333 sold at .0768 equals $200,703...thus almost ALL the shares were sold at that price...which means that the vwap pps was right around .0806 which could have been achieved during a large part of March...and maybe even April...
so no... there was no 12% 11% or 10% discount...
and dont bother trying to obscure the facts with any more of your BS...its very clear you left out critical portions of the quote you posted because many would have been able to easily refute your silly claims...and you were just hoping no one would bother...which is also why you didnt say which filing you got it from or where in that filing it was...
when the selling price is determined by 3 days of VWAP theres no point in posting what the 3 month VWAP was...its irrelevant...unless you just want to try to confuse the issue and pretend that 5% inexplicably turned into 12%...
SMGDH
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