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Replies to post #5792 on Stockitution
TRAPPER JIM
02/25/12 11:42 PM
#5794 RE: bigstocksnbonds #5792
The Company may deliver a Put Notice from time to time throughout the Open Period to the Investor that will be less than or equal to 200% of the average daily volume of the Common Stock for the 10 trading days prior to the applicable Put Notice Date. The Common Stock Purchase Price will be 27.5% from the 5 day volume weighted average price (VWAP) - a 27.5% discount - during the 5 trading days immediately prior to receipt by the Investor of the Company’s Put Notice. Fairhills Capital will not be entitled to a stock ownership position exceeding 4.99% of the number of Common Stock shares outstanding. Fairhills Capital has agreed not sell the Company’s stock short, either directly or indirectly through its affiliate, principals or advisors.