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Drugdoctor

12/12/07 9:34 PM

#8685 RE: ZRock #8682

This is the part I like...

for the issuance and sale by the Company of up to $2,500,000.00 of Company’s preferred stock convertible into shares of the Company’s common stock at $0.01 per share,
which may be less than the bid price of the Company’s common stock immediately prior to its issuance and sale (the “Issuance and Sale”).

Yep, the new investors gets PREFERRED shares that will be convertible in the future to common shares at .01...

For his 2.5 million dollar investment, he gets to own shares that will be below the market price of the stock, imo.

He is so confident in the future of COPI that he will pay more than today's going rate!