Eligible investors "selected" by MMPI .....
E. PRIVATE PLACEMENT
a. New Equity
To provide funding for the Plan, MMPI will sell in a private placement transaction 500,000 shares of MMPI common stock to the Initial Investors and Eligible Investors selected by MMPI for
the purpose of raising capital in the amount of $10,000,000 ("New Equity"). MMPI has received confirmation that the Initial Investors will purchase at least 250,001 shares for an aggregate amount of at least $5,000,020. The remaining shares not purchased by the Initial Investors will be purchased by Eligible Investors. In the event MMPI does not sell the remaining shares to Eligible
Investors, other than the Initial Investors, then such shares will be purchased by the Initial Investors. The foregoing private placement transaction is referred to in this Plan as the "Private
Placement."
what about all of us "ineligible" minority shareholders or for that matter what if you're "eligible" but not selected by MMPI
Taylor owns 15 mil shares and he may or may not be selected ...who knows ... maybe MMPI (Richard Meruelo) doesn't want to select him .....
YIKES!
