not sure actually....They talk about it on page 5-

"Since the future market price of each quarterly grant of shares to Crystal Falls and Lotus Capital is speculative, and the number of shares to be issued at each quarterly date is dependent on the then total outstanding shares of the Company’s common stock, which is also unknown, any restricted stock to be issued to them in the future will be valued at the closing market price of the common stock at the time of each quarterly installment due date and based on the total number of shares of the Company’s common stock then issued and outstanding."


not about WHEN though