Replies to post #2964 on VG Life Sciences Inc. (VGLS)

[Eddie2468]

Okay, it seems one of us is mistaken. Am I reading it wrong, as far as the T&T agreement. To me it says, "at closing the price is the 15 day weighted average", which turned out to be .367

So there will only be 2.35 million shares that were set aside and not a floorless overhang, as you state.

This is from the Annual Report..... "Conversion price per shares shall be the 15 day weighted average at closing of $0.367"

Am I reading it wrong?