Home > Boards > US OTC > Delisted > NXChain Inc. (fka NXCN)

19 million shares for $50K = 0026 per share

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
hedge_fun Member Profile
 
Followed By 474
Posts 52,257
Boards Moderated 5
Alias Born 12/21/09
160x600 placeholder
hedge_fun   Thursday, 12/08/11 11:58:14 AM
Re: db7 post# 29
Post # of 41 
19 million shares for $50K = 0026 per share

Securities Purchase Agreement . On December 5, 2011, Robocom and the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Michael Campbell. Pursuant to the Purchase Agreement, following the Reincorporation Merger Mr. Campbell purchased from the Company an aggregate of 19,000,000 shares (the “Shares”) of common stock, par value $0.001 per share (“Common Stock”), for an aggregate purchase price of $50,000. Immediately following the issuance of the Shares pursuant to the Purchase Agreement, an aggregate of 21,420,492 shares of Common Stock was issued and outstanding and the shares of Common Stock owned by Mr. Campbell represented approximately 88.7% of the issued and outstanding shares of capital stock of the Company on a fully-diluted basis. The Shares were acquired with funds that Mr. Campbell borrowed from an entity controlled by a current director of the Company.

http://ih.advfn.com/p.php?pid=nmona&article=50355472




As Always: My Number 1 Priority is to educate. Penny stocks are very volatile, Always do your own Due Diligence
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist