Value Microcaps Motherboard

[cliffvb]

LTUS, Penny, Yes, I did read the 8K. You should look at it again. It says it is for a MAXIMUM of 12 million shares computed by multiplying the the purchase price by 1.5 and dividing by $1.

Filling in the amount financed:
$5 million x 1.5 / $1 = 7.5 million shares which is the number of shares referred to in the top of the 8K. Probably, they weren't sure how much they were going to raise when they worked up the original agreement.