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11:35
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Originally posted by Lazarus65
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And the math doesn't appear to stack up. If I understand correctly, the agreement is for $333,333.00 per month for 18 months with the monthly payment to vary up or down in pro-rata to the SP and the BMP ($0.0067). This equates to the $6m figure and 1.2 billion shares mean an acquisition price of $0.005. But only if the SP averages at $0.0067, which represents an acquisition at a 25% discount.
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That's pretty much it - Landstead win out either way, either benefitting from a rising share price or they can sell their shares each month and make guaranteed profit.
