Brett_Tabke - 8:21 pm on Dec 22, 2004 (gmt 0) So - am I reading this right? On paper, it's worth $17mil?
The 2 important statements:
...Registrant will have closed a private placement offering (a "PPO") whereby Registrant will offer and sell 3,250,000 shares of the Registrant's common stock at purchase price of $1.00 per share. ...In consideration for the Merger, the holders of Trafficlogic common stock and options will receive 17,500,000 shares of common stock.
So - am I reading this right? On paper, it's worth $17mil?