Replies to post #30962 on Mindpix Corp. (fka MPIX)

[mikenmtv]

https://www.sec.gov/Archives/edgar/data/1053368/000149315214002735/form10-12ga.htm

In July 2014, the Company sold 525,000,000 shares of common stock for cash of $450,000, of which $400,000 was received. The investor has the right to purchase additional shares at the same price per share in order to maintain 28% ownership in the Company as stipulated in the securities purchase agreement.
(F-25)

So there is a securities purchase agreement in place to protect this particular investor from the negative effects of the upcoming reverse split and dilution..... in terms of $ this is huge.......do the math.... after the new share issuance.....they are suddenly eligible to buy twice as many shares at the same price...... but if they wait till Vic does the reverse split....... they get to buy them at the old strike price and they are worth 100:1, 200;1, 1000/1????

........well done Mr. and Mrs. Lorio