Replies to post #576 on Motion DNA Corp fka MTDX

[jcrom56]

I think it means means 3.125, and not 3.12 or 3.13
Since they are using $3.125 , they call it an average
price. Sort of like paying $2.299 for a gallon of gas. It is an "average price" because we don't have currency for $0.009
But I am only guessing...

jc

[jcrom56]

iOwnSomeNVEI,
Here is the PR about the deposit from F51-2:

Motion DNA Receives $5.6 Million Deposit From Formula 51-2, LLC
Thursday May 26, 9:45 am ET

PHOENIX, May 26 /PRNewswire-FirstCall/ -- Motion DNA Corporation (Pink Sheets: MTDX - News), announced it has received a deposit in the amount of $5,600,000 as part of the agreement with Formula 51-2, LLC for a buyout of all its outstanding shares.

The deposit was due before May 29, 2005 but was delivered on Wednesday by Jamir Miller, Managing Member of Formula 51-2. Last month, the companies agreed to a firm buyout price of $3.125 for each share of the company's outstanding stock. The buyout is awaiting a vote by the shareholders on June 17, 2005. The balance of funds to complete the buyout must be placed in an escrow account at the law offices of Greenburg-Traurig within 30 days of shareholder approval. The buyout agreement allows Formula 51-2 sixty days from the shareholder meeting to complete the acquisition of all the issued and outstanding shares.

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I believe $3.125 is a firm price, but it is called an "average price" when applied to the total shares outstanding because you really can't pay $3.125 for each individual share.

jc