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PURE Bioscience, Inc. Message Board

  • againscammed againscammed Jun 14, 2013 10:17 AM Flag

    Is Liolios gone?

    On March 1, 2013, we entered into a one-year service agreement for investor relations services. We issued 250,000 shares of our common stock, with a value of $160,000, for these services. The value was capitalized to prepaid expenses and was being amortized over the term of the agreement, however, the agreement has since been terminated and, as such, the entire amount was recognized as expense during the three months ended April 30, 2013. As part of this agreement, the Company granted certain registration rights, under which the Company agreed to file a registration statement covering the resale of the shares of common stock issued in accordance with this agreement.

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    • Wow. $160K worth of (junk) stock for 3 months of "work?" Even if they they only realize half that amount when they dump the shares, that's still a nice payday, and another egregious example of mismanagement by the Clowns In Charge.

      Sentiment: Strong Sell

 
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