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Spifster

09/27/23 10:42 PM

#53489 RE: MrDicern #53486

The par value of stock is an arbitrary value, It could be $.01, $1,000 or no par value. It is meaningless in the secondary markets, and only affects how the stock is recorded on the balance sheet. These are acquisitions of options with an exercise price of $.0676. Upon exercising the options(400,000), they would pay Zion directly $27,040 to convert to common stock.