Mobilepro Corp (fka MOBL)

[stats_mocker]

Hi stockdoc (and rob75),

In Section 6 about the Conversion in Exhibit A, Exhibit 10.2 of the 8-k, it seems to suggest that MOBL is entitled to at least a 10% stake IF MOBL HAS NOT RECEIVED $ 8 MM by the end of September. i.e. we are guaranteed 10% if something goes wrong, and Gobility doesn't raise $8 MM as we all expect them to.

Makes me think that our stake will be less than 10% (OR AT LEAST NOT MORE THAN 10%), if everything goes as planned, and Gobility raises the $ 8 MM ...


"
6. CONVERSION.

6.1. Optional Conversion. This Convertible Debenture may be converted, in whole or in part at the option of the Holder at any time. The number of shares of Common Stock to be issued pursuant to such conversion shall be calculated by taking (a) the dollar amount of principal and accrued interest under this Convertible Debenture to be converted divided by (b) the Conversion Price, provided, however, that Holder shall receive shares of Common Stock equal to not less than 10% of the capital stock outstanding on a fully diluted basis if the Company has not received at least $8,000,000 of cash investment by September 30, 2007.
"

link:
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=5042737&doc=1&total=&back=2&....