Replies to post #12931 on Marvion Inc (MVNC)

[mike_long]

show your work.

this is from the 8-K:

"The Investor has also received a warrant to purchase shares of common stock of the Company equal to $1,660,000 divided by the Market Price (defined in the Company Note, as of October 1, 2012) at an exercise price of US$0.075 per share at any time within five years after October 1, 2012. The warrant also contains a net exercise provision"

We both agree on the exercise price of .075.
Let's see your equation that includes the part "divided by the
Market Price". I would like to know what value you use
for Market Price, and as of what date.

[Solantey]

As stated:

"The Investor has also received a warrant to purchase shares of common stock of the Company equal to $1,660,000 divided by the Market Price (defined in the Company Note, as of October 1, 2012) at an exercise price of US$0.075 per share at any time within five years after October 1, 2012. The warrant also contains a net exercise provision."

Divide $1,660,000 by .0229 and that is the number of shares that they can buy at .075.

Am I missing something?