China Growth Stocks

[The Rainmaker]

Here is the dangerous clause in their Dutchess deal imho.

They have five days after you do a put for pricing of that put. That gives 5 days for Dutchess to attack your bid and bang it down as low as they can after you tell them you want to sell them shares. All they need is one out of five days where they hammer the bid into the close and get one really low bid closing price for their 94% pricing. That's how they get you and make their money imho. It's not priced off of any type 5 day or 10 day average of the bid price they just need one day to get you at the close on each put. I thought they priced it off the 5 days before the put, this way they don't know when the puts coming and can't keep you down all the time. Plus that way you know what price you're selling for when you place the put. This way you don't know what price you're getting until 5 days after each put. The pricing period is the 5 days following the put, only need one low close. Those guys are smart and sneaky. Companies should really try to get the pricing moved to before you make the puts, keeps them from messing with you.

From paperwork with Dutchess:
at per share prices set at ninety-four percent (94%) of the lowest closing best bid of the Company's common stock during the five (5) consecutive trading day period beginning on the trading day immediately following the date of delivery of the applicable put notice (such five-day period, the "Pricing Period").