Thursday, June 07, 2012 11:28:07 PM
The whales you speak of will receive no less than $1.00 per private placement share if Bordy violates the private placement agreement- what will outsiders get if Bordy violates the private placement agreement?
Accordingly... The whales you speak of will be afforded the opportunity to purchase all series "A" preferred shares at a price of .001 per share if Bordy violates the private placement agreement- what will outsiders get?
Given the discounted price paid for private placement shares.. and given the "buyback" price .. the whales you speak of are very well insulated against losses... any outsiders on the other hand....well... given the direction of the PPS... I think most "get" it..... wouldn't you agree? TIA
Pink Sheets...where failing private companies come to die.
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