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Re: chunga1 post# 10190

Wednesday, 02/13/2008 5:50:17 PM

Wednesday, February 13, 2008 5:50:17 PM

Post# of 62962
Strange!

I reviewed the filing but did not read it throughly. I found following clause interesting (as in page 6):

"Under the Purchase Agreement, we also issued to Cornell five-year warrants to purchase 1,000,000 and 1,500,000 shares of common stock at a price equal to $0.50 and $1.00, respectively, together with three-year warrants to purchase 2,300,000, 2,000,000 and 2,500,000 shares of common stock at a price equal to $0.25, $0.65 and $0.75, respectively."

Do I understand wrong or missing something? I understand that Cornell agreeed to purchase share at those stated prices at their option. Does this mean that company estimates within 3 year timeframe, its stocks to go even over 75 cents!?!?!

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