EDITED share value:
5 day VWAP was $0.13
Therefore total stock owned by J&G = 17,000,000 shares
Total price paid by J&G = $500,000 + (7,000,000 * $0.13) = $1,410,000
Therefore, average price of the stock acquired by J&G = $1,410,000/17,000,000 = $0.083
In summary... sure they received shares at a discount to market price... however, these shares will not be hitting the market. These shares will be held for long term growth potential.
Shau-dere? Shau-dere? It's "chowdah!" Say it right!
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