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Re: $8.5 MILLION COMMON STOCK PURCHASE AGREEMENT - DaBoss-FORM 8-K
The 8-K indicates we will receive $500,000 in cash and the total stock given will equal 7,866,666. The calculation includes 2,083,333 and 2,083,333 each for $250,000 and 200,000 shares for expenses and an added 3,500,000 shares for entering into the agreement.
This calculates to$.0635 per share, quite a difference from selling them into the market.
