CTIX's legal fees are $432,000. That's the value o
Post# of 72440
Posted On: 06/22/2016 4:47:03 PM
CTIX's legal fees are $432,000. That's the value of the options granted to the Ashcroft firm, according to a CTIX press release a long time ago. The options are for the Ashcroft firm to be able to buy one million shares at 1.70. The $432,000 is the value the company has assigned to those options. (In other words, just as one has to pay premium to buy options on a stock, the premium on those options is valued by mutual agreement between CTIX and Ashcroft at $432k.)
Just for anyone who feels like straightening out the confused and/or liars elsewhere.
And a little reminder: would Ashcroft have taken this deal, which was negotiated when CTIX was trading below 1.20, if they had not had utter confidence that the stock would be trading MUCH higher eventually?
Just for anyone who feels like straightening out the confused and/or liars elsewhere.
And a little reminder: would Ashcroft have taken this deal, which was negotiated when CTIX was trading below 1.20, if they had not had utter confidence that the stock would be trading MUCH higher eventually?
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