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nugettie

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nugettie

Re: WakingBake post# 2516

Monday, 03/28/2011 8:42:29 PM

Monday, March 28, 2011 8:42:29 PM

Post# of 6022
Hey joes/'wakingbake'. Got a newbie question about dilution. Heres the scenario from a 10-Q:

Common stock issued for cash...
(common stock shares) 15,000,000
(amount) $1,500
(additional paid-in capitol) $64,700
(totals) $66,200

So...this company receive $66,200. from selling shares to us at an average price of .004423... per share (i.e. 66,200 / 15M)? But during this time this stock never traded that low. How does this work?

Thanks in advance for your time and info... : )
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