On July 30, 2014, the Company amended the Purchase Agreement to provide for one Final Closing of all remaining tranches, effective July 30, 2014, and which was funded on July 31, 2014. The Company offered and sold to Dominion: (i) a Note for a principal amount of $2,894,736.84 (inclusive of the OID; $2,750,000 net) and (ii) a Warrant with a term of four years, to purchase up to 4,824,561 shares of Common Stock, exercisable at any time by the holder of the Warrant at a purchase price equal to 90% of the-20 day VWAP of the Common Stock prior to February 5, 2014, which price the Company estimates to be approximately $0.30753 per share, subject to adjustment. As of July 30, 2014, $6,894,737 (inclusive of the OID; $6,550,000 net) of the Notes have been sold in the Debt Placement.
This has been a done deal since July 2014.
"all of these issued shares have been sold by Dominion" correct, so no worries about dilution. Most investors know this, it has been in all of the S-1s.
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