Replies to post #10132 on georgie18's House of Gain...

[georgie18]

Overall it appears to be a strong move for BIEI but there are some questions for me...

Pursuant to the Purchase Agreement, we received from the Purchasers an aggregate of $300,000 in exchange for 40,000,002 shares of our common stock,

That translates to .0075...

This part is not that great if I understand it correctly...
The per share purchase price of the Second Closing and Third Closing will be the lesser of (i) $0.02, subject to certain adjustments for stock splits and other similar transactions, or (ii) 50% of the closing price on the trading day immediately prior to the date of sale. The total number of shares to be sold in the Second Closing and Third Closing will be determined by dividing the total purchase amount of each closing (i.e., $150,000) by the per share purchase price.

I need to read this over a few times to get the full scope of how this really translates...