Replies to post #8 on Leafbuyer Technologies Inc. (LBUY)

[Big Brother]

That .02 is just a default price I see on many new tickers that have never traded, you generally see .02 or 1, it's meaningless. This will essentially be an IPO, so the starting price will be whatever the company and the market maker decide is should be.

IMO best to start it out on the lower end of what they want, then move it higher and generate momentum, than to start high, have no buyers, then continue dropping the price.

1.8.The Company Capital Stock . The Company agrees that it will cause the Merger Shares at the Effective Time pursuant to Section 1.6(b) to be available for such purposes. The Company further covenants that at the Closing, and including the issuance of the Merger Shares and the retirement and cancellation of 5,000,000 shares of Common Stock by the Company, following the Split there will be no more than 38,000,000 shares of the Common Stock, 3,000,000 shares of Series A Preferred Stock and 250,000 shares of Series B Preferred Stock issued and outstanding, and that no other common or preferred stock or equity securities or any options, warrants, rights or other agreements or instruments convertible, exchangeable or exercisable into common or preferred stock or other equity securities shall be issued or outstanding.

Simultaneously with the Merger, the Registrant accepted subscriptions in a private placement offering (the “Offering”) of its Common Stock at a purchase prices of $0.12 and $0.15 per share, offered pursuant to Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) for the aggregate offering amount of $600,000.