Replies to post #1015 on Medisun Precision Medicine Ltd. (fka MPME)

[tedpeele]

<<The convertible preferred stock is convertible into shares of common stock of the Company at a conversion price of $1.25 per share.>>

in the 10Q. Does this mean a one to one conversion? The par value is .0001 per share but after trying to understand what that means, I still don't.

<<On June 22, 2015, we closed a private placement of 2,250 shares of the Company's convertible preferred stock for gross proceeds to the Company of $2,250,000 and net proceeds of $1,993,500.>>

How does the .0001 relate to 2,250 and $2,250,000 or does it?

I appreciate any clarification.