does this info below mean that the stock will stay at .80 until after the stocks are released to the investor? can someone explain this message.
announced today the signing of an agreement to raise $6 million through a private placement to a high net worth private investor in Asia. In the private placement, the Company will issue (i) shares of Series A Preferred Stock convertible, at a conversion price of $0.80 per share, into 7,500,000 shares of common stock and (ii) warrants with a three year term to acquire 2,625,000 shares of common stock at a cash exercise price of $0.90 per share.
