Lotto play... check this out and let me know what you think. It's trading @ .0002 EGPI - pulled from SEC files.
1. Authorization of Securities . The Company has authorized the number of shares of Common Stock as provided herein, which shall be entitled to the rights, privileges and preferences set forth in the Company’s Articles of Incorporation or its Charter as (the “ Common Stock ”), as set forth in the Articles of Incorporation or its Charter. The Company shall issue shares at a $.05 per share calculated on the total amount of the Purchase Price (“Purchase Price”) as agreed by the Company and Investor fixed at One Million One Hundred Fifty Thousand ($1,150,000) US Dollars, and of which shall be offset by Four Hundred Fifty Thousand ($450,000) US Dollars for the assumption of debt by the Company as part of the terms of the Assignment and Bill of Sale Agreement. Therefore of the total Purchase Price the Company shall issue to Investor the balance of Purchase Price or $700,000 US Dollars in shares representing 14,000,000 shares of the Company’s common stock.
1.1 Sale and Purchase of Shares of the Common Stock . Subject to the terms and conditions herein, the Company agrees to sell to the Investor, and the Investor severally agrees to purchase from the Company on the date hereof in accordance with this Agreement, the number of shares of Common Stock set forth opposite such Investor’s name on Schedule 1 at a purchase price of twenty cents per share (the “ Purchase Commitment ”). The number of shares purchased as indicated in Schedule 1, shall therefore represent a value of $1,150,000 less the $450,000 debt assumption amount or $700,000.
2.1 The Closing . The closing of the sale of the Common Stock shall take place at 5 p.m. Phoenix time on or before July 31, 2012 (the “ Closing ”). The date and time on which the Closing occurs shall be referred to as the “ Closing Date ”. On the Closing Date, the Company shall deliver to the Investor purchasing shares of the Common Stock on such date a stock certificate for the number of shares of Common Stock being acquired by such Investor, which shares shall be registered in the Investor’s name or as otherwise designated by the Investor.
AI
