I was going through Jun15 S1.. Probable this expla
Post# of 36568
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Posted On: 07/07/2020 6:02:10 PM
I was going through Jun15 S1.. Probable this explains why we are seeing block trades at lower prices. Comments?
Thereafter, we may, from time to time and at our sole discretion, direct Oasis to purchase up to the lesser of (i) 200% of the average daily trading volume of our common stock for the ten prior trading days or (ii) and $500,000 of our common stock on any business day, provided the lowest traded price of our common stock in the five prior trading days exceeds $0.01. Except as described in this prospectus, there are no trading volume requirements or restrictions under the Oasis Purchase Agreement, and we will control the timing and amount of any sales of our common stock to Oasis. The purchase price of the shares that may be sold to Oasis pursuant to the Oasis Purchase Agreement will be equal to 92% of the lowest traded price of our common stock during the five consecutive trading days immediately following the date Oasis receives the shares being purchased (provided that, such five-day period will begin on the date Oasis receives such shares via DWAC if Oasis receives such shares prior to 11am CST). We may at any time in our sole discretion terminate the Oasis Purchase Agreement, except while Oasis owns any shares purchased thereunder. Oasis may not assign or transfer its rights and obligations under the Oasis Purchase Agreement.
Thereafter, we may, from time to time and at our sole discretion, direct Oasis to purchase up to the lesser of (i) 200% of the average daily trading volume of our common stock for the ten prior trading days or (ii) and $500,000 of our common stock on any business day, provided the lowest traded price of our common stock in the five prior trading days exceeds $0.01. Except as described in this prospectus, there are no trading volume requirements or restrictions under the Oasis Purchase Agreement, and we will control the timing and amount of any sales of our common stock to Oasis. The purchase price of the shares that may be sold to Oasis pursuant to the Oasis Purchase Agreement will be equal to 92% of the lowest traded price of our common stock during the five consecutive trading days immediately following the date Oasis receives the shares being purchased (provided that, such five-day period will begin on the date Oasis receives such shares via DWAC if Oasis receives such shares prior to 11am CST). We may at any time in our sole discretion terminate the Oasis Purchase Agreement, except while Oasis owns any shares purchased thereunder. Oasis may not assign or transfer its rights and obligations under the Oasis Purchase Agreement.
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