Marvion Inc (MVNC)

[PayDirt!]

I encourage you to call the company for an explanation.
Then you will better understand the terms and their meaning.

I encourage you to consult legal on how to read an agreement.

The Investor has also received a warrant to purchase shares of common stock of the Company equal to $1,660,000 divided by the Market Price (defined in the Company Note, as of October 1, 2012) at an exercise price of US$0.075 per share at any time within five years after October 1, 2012. The warrant also contains a net exercise provision.

(Copy as posted, I didn't put the parentheses on this statement)

Anyone else want to weigh in?

Do they pay .075 as stated in the company note date Oct. 1st?

Or do they pay the closing price on Oct. 1st. ?

Seems easy since it states exercise price.

Link to 8k
http://www.sec.gov/Archives/edgar/data/1439264/000135448812005174/bonz_8k.htm

Warrant Definition
A certificate, usually issued along with a bond or preferred stock, entitling the holder to buy a specific amount of securities at a specific price, usually above the current market price at the time of issuance, for an extended period, anywhere from a few years to forever. In the case that the price of the security rises to above that of the warrant's exercise price, then the investor can buy the security at the warrant's exercise price and resell it for a profit.


Read more: http://www.investorwords.com/5285/warrant.html#ixzz28fTBcHak