SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ACII - AmeriChip International, Inc
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rhoshariasha who wrote (1096)1/31/2008 5:22:00 PM
From: BarclayDonaldson  Read Replies (1) of 2396
 
shane: They put a value on the shares at the time they are issued in order to determine number of shares. That value is usually some percentage BELOW the current market rate. For example, look at the last 10Q on how they figured out how many shares to give what was owed to David Howard. He was given 20M restricted shares at .0275 (I think). The Filing has the exact amount. This was done within a week of the R/S taking effect when the PPS was .07. Now you see why they R/S'd, they couldn't pay this debt because they had run out of shares.

Obviously, the person accepting shares is taking a risk that they will still be worth their "value" when the restriciton period ends.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News