Dam I shulda bought on that Volume and Huge Bid the other day! Nice Alert FROGGER and I put it on the NATION for you when you sent it to me! imo :)
orm 8-K for CALYPTE BIOMEDICAL CORP
15-Jan-2014
Entry into a Material Definitive Agreement, Unregistered Sale of Equity S
Item 1.01 Entry into a Material Definitive Agreement
The Registrant and DP Tzuan (HK) Limited (the "Purchaser") have entered into an Investment Agreement dated January 9, 2014 (the "Agreement") pursuant to which the Purchaser has agreed to invest $2 million in the Registrant through the purchase of 400,000,000 shares of Common Stock of the Registrant (the "Shares") at a purchase price of $0.005 per share. The issuance of the Shares will be contingent upon an amendment to the Registrant's Certificate of Incorporation to increase the authorized shares of Common Stock to a total of 2,400,000,000 shares and to reduce the par value of the Registrant's Common Stock to $0.005 per share (the "Amendment"). The Agreement provides for the investment to be made in three installments: (i) $500,000 as soon as practicable following the effective time of the Amendment; (ii) $500,000 on May 1, 2014; and (iii) $1 million on November 1, 2014. Under the Agreement, the parties will develop a mutually-agreed budget plan for the Registrant. Each installment under the Agreement will be subject to the effectiveness of the Amendment, the Registrant's compliance with the above-referenced budget plan and customary closing conditions.
A copy of the Agreement is attached hereto as Exhibit 99.1.
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