CNOA 1 year money chart & T/A Who was buying & selling for last 12 months. Mr. Wu caused problems in 2nd. quarter...wasn't he the bad guy on Hawaii 5-O???
Warrants On February 6, 2008, the Company committed to issue warrants to purchase 1,000,000 shares of the Company's stock at a price of $1.39 to its investor relations firm as part of a consulting agreement. The warrants were valued using the Black-Scholes option-pricing model which assumed 135% volatility, a term of the warrant of three years, a risk free rate of 3% and a dividend yield of 0%.
Stocks; total of 21,608,456 On September 4, 2008, China Organic Agriculture, Inc. (the "Company") issued 18,282,353 shares, representing approximately 25 %, of its outstanding common stock, to Xirong Xu in exchange for the surrender and cancellation of its promissory note in the principal amount of $ 6,216,000 issued in connection with the acquisition of the Bellisimo Vineyard in February 29 2008. On September 4, 2008, the Company issued 3,326,103 shares, representing approximately 4.5% of its outstanding common stock, to First Capital Limited in exchange for the surrender and cancellation of its promissory note in the principal amount of $ 1,130,875. The indebtedness evidenced by this note represents amounts advanced to pay accounts payable. Xirong Xu is the principal and sole director of First Capital Limited. The conversion rate for each transaction, $0.32 per share, represents a slight discount to the 30 day average share price of the common stock. http://idea.sec.gov/Archives/edgar/data/1337826/000119380509000112/e604890_10qa-cnoa.txt