Replies to post #20290 on Adaptive Medias Inc (fka ADTM)

[236T568]

huh?

that is EXACTLY what I stated

236T568 ... Obviously ...

"Batsmasian gets 589,086 additional ADTM common shares FOR FREE from the original Sept 2014 private placement, in order to adjust for lower private placement prices in the latest set of private placements"

you're not familiar with the standard language contained in financing agreements ...

ADAPTIVE MEDIAS, INC.

COMMON STOCK AND WARRANT PURCHASE AGREEMENT

(d) Anti-Dilution. Any other provision of this Agreement notwithstanding, in the event and to the extent that the Company shall, during the period commencing as of the date of this Agreement and terminating one (1) year from such date, sell shares of its Common Stock to any accredited investor at a per share price that values the Company at less than $45 million (a “Dilutive Issuance”), then the Company shall, within thirty (30) days therefrom, issue a sufficient number of shares of Common Stock, as applicable, to the Purchaser (the “Subsequent Purchaser Issuance”), such that, following the Subsequent Purchaser Issuance, Purchaser shall have received such number of shares of Common Stock as Purchaser would have obtained had this Agreement been entered into on the same price terms as the Dilutive Issuance (calculated based on the aggregate purchase price set forth in the Recitals of this Agreement). For the avoidance of doubt, this Section 6(d) shall not apply to (1) any debt incurred by the Company, or (2) any stock, stock options, or stock purchase warrants issued to any employee, director or consultant of the Company in connection with such employee’s or consultant’s compensation provided that such issuances are not priced lower than 20% below the closing price of the stock on the day of issuance.

http://www.sec.gov/Archives/edgar/data/1428397/000114420415027460/v409400_ex10-1.htm