OXFV: Don't jump on me but someone has to say it. There's a RS in all that gobble de goop:
the shareholders of Registrant immediately prior to the Merger will retain 1,000,000 shares of common stock of Registrant.
and
After giving effect to the Merger, the shares of common stock into which the Bridge Notes are convertible and the Warrants, Registrant will have 28,000,000 shares of common stock issued and outstanding.
Which means , they give Uluru 11 million, they RS themselves down to one million and the warrants and convertibles make up the difference taking the total OS to 28 million.