Thursday, May 24, 2012 5:49:57 PM
The PR stated this acquisition is similar to the DC deal
In review of the DC deal
They were acquired and received nothing for an entire year
When they did get paid it was based on a formula related to performance and an average closing price of the stock 30 days prior to the issuance of preferred shares
Basically they were acquired in Sep 2010. In Sep 2011 they were paid based on the stock price from early aug 2011 to Sep 2011 , Their revenues played heavily into the equation. No revenues no money
They ended up receiving preferred shares valued at approx $144k which converts to 9m shares at 0.016
This type of deal heavily motivates the acquired company to grow revenues and grow the share price
It will be very interesting to see the 8K with final details. Anything close to this deal is truly a remarkable deal
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!
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