I think I can see where some discussion might evolve around this deal actually. But my take on
the subject is that the deal was made as a SHARES Deal for 235,294,118 shares. If the deal
was 40M upon completion of the licensing then obviously the amount of shares given
to FITX would be considerably less based on PHOT's current PPS.
I think the deal was made without forward looking at a PPS increase in evaluation so
it would be similar to issuing shares in lieu of debt owed for a specified price. in this case is was
.17 a share. I personally believe that the PPS increase by PHOT is effectively boosting the amt
of the deal for FITX.
Since BOTH companies are growing since the time of the deal and this was probably anticipated, the deal was set for a particular amount of shares to be rewarding for both parties.
Just my opinion and assessment of the deal.
the subject is that the deal was made as a SHARES Deal for 235,294,118 shares. If the deal
was 40M upon completion of the licensing then obviously the amount of shares given
to FITX would be considerably less based on PHOT's current PPS.
I think the deal was made without forward looking at a PPS increase in evaluation so
it would be similar to issuing shares in lieu of debt owed for a specified price. in this case is was
.17 a share. I personally believe that the PPS increase by PHOT is effectively boosting the amt
of the deal for FITX.
Since BOTH companies are growing since the time of the deal and this was probably anticipated, the deal was set for a particular amount of shares to be rewarding for both parties.
Just my opinion and assessment of the deal.
