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RIVULET MEDIA INC. RIVU
Posted On: 06/02/2013 10:27:05 PM
Post# of 5066
Posted By: stacksonstacks
Re: Crimsonmark #706

The $20 million in funding for BMSN from Southridge is basically a put option. Meaning, Koos can force Southridge to buy XX amount of shares, up to $20 million or 9.99% of the total company stock. The price that Southridge buys at is determined by average price of (I think) the last 3 prices at market close within 10%. This ensures Southridge gets shares at a lower price and evens out the deal (nobody gives 20 million because they're generous), making it more likely they make money. From what I've read I believe these shares are restricted for a year.














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