Replies to post #2658 on iCoreConnect Inc (ICCT)

[Adam16]

Ya, that is just insane. Can't wait to see updated SS on otcmarkets. Ya think you're right. This could go nuts soon, they paid over 1 million in shares for a big aquisition. They must expect this at .10+ soon. Crazy

[fojcol]

No, they paid 1.94M shares of their common stock (not 1.94M worth of stock). At the present price (.0017), that's $3,298.00. Either ICDLogic has an awfully large amount of debt, or they're REALLY expecting the price to appreciate, like now! Then again, I wonder what that "subject to adjustment" actually means.

____________________________________
On November 30, 2017 iCoreConnect Inc., a Nevada corporation (“Buyer”) acquired substantially all of the assets and business of ICDLogic LLC, a New York limited liability company (“Seller”), in exchange for (i) 1,940,000 shares of Common Stock of Buyer, subject to adjustment, and (ii) the assumption of certain specified debts, liabilities and obligations of Seller, all upon the terms and conditions set forth in an Asset Purchase Agreement dated as of November 30, 2017 between Seller and Buyer (the “Asset Purchase Agreement”).
_________________________________________