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Post# of 7197
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Re: ANTI-BAGHOLDER post# 6108

Wednesday, 08/01/2012 3:13:25 PM

Wednesday, August 01, 2012 3:13:25 PM

Post# of 7197
On the OPGX deal,
NIR got:

$1,020,000 in cash and stock to retire approximately $6,000,000 of convertible secured notes

a 1 for 1,200 reverse split on the common stock

convertible preferred stock representing 7.5% of the post-split common stock of the Company. The convertible preferred shares automatically convert into shares of common stock


OPGX got:

the Company's current shareholders will retain, in total, 3.5% of the post-split common stock of the Company

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