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Emilez

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Emilez

Re: None

Saturday, 12/17/2011 10:48:13 AM

Saturday, December 17, 2011 10:48:13 AM

Post# of 163716
"Under no circumstances shall the Company issue to Ironridge a number of Shares in connection with the Settlement of the Claim which, when aggregated with all shares of Common Stock then owned or beneficially owned or controlled by Ironridge and its affiliates, at any one time exceed 9.99% of the total number of shares of Common Stock then issued and outstanding."

http://www.sec.gov/Archives/edgar/data/1488419/000114420411064937/v240787_8k.htm


Anyone knows if this statement is true? What would happen if the share price would be low enough so that IronRidge wou've gotten more that 9.99% of the shares had it not been for the above quote?
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