Replies to post #4347 on Positron Corporation (POSC)

[rattlewatch]

Good, the 594M at the top is the O/S as of May 20 2010 the date of filing.

The 455M O/S is as of the end of the quarter March 31, 2010.
The 391M O/S is as of the end of the Q March 31 ,2009 used for comparison.

Below the dotted line is the explanation for the new shares issued during the quarter that increased the number O/S.

And at the bottom explains the increase from the end of Q till May 20,or the subsequent events that helped increase to 594M. More funding for the company with the issuance of new shares and conversion of warrants.

The warrants certainly are the most interesting to me. The funders(maybe different from other funding mentioned) paid the strike price of .02 per share to convert the warrants,which resulted in the company receiving another 1.1M.

What I'm thinking/hoping is the the funders who converted the warrants are doing so because these warrants are related to funding from some time ago and are going to expire. The funders know these will be worth much more than .02 and don't want to lose this opportunity if the warrant expiration date is near. Will have to look for ownership forms filed lately to confirm this or wait till the next Q report.

jmo
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Stockholders’ Deficit

During the three months ended March 31, 2010, investors converted 636,860 shares of Series B Preferred Stock into 63,686,000 shares of common stock. Investors also converted 4,100 shares of Series G Preferred stock into 410,000 shares of common stock.


On February 25, 2010, the Company issued 500,000 shares of common stock to an unrelated party for consulting services. On the date of issuance, the common stock had a fair market value of $0.05 per share. The Company recorded consulting fee expense of $25,000 for the issuance of the shares.


During the three months ended March 31, 2010, the Company issued 253,427 shares of Series B Preferred Stock to an unrelated party for consulting services. Accordingly, the Company recorded consulting fee expense of $253,427 related to the issuance of the shares.

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Subsequent Events


Equity Transactions

The following transactions occurred between April 1, 2010 and May 20, 2010:

The Company issued 35,050,005 shares of common stock to investors for $1,087,000.

Investors exercised warrants to purchase 56,000,000 shares of common stock for an aggregate purchase prices of $1,120,000.


Investors converted 174,000 shares of Series B Preferred Stock into 17,400,000 shares of the Company’s Common Stock.


Investors converted 15,000 shares of Series G Preferred Stock into 1,500,000 shares of the Company’s Common Stock.

The Company issued 29,150,000 shares common stock for services and recorded consulting fee expense of $3,963,500 for the issuance of these shares.