Shares offered by Selling Stockholders.................. Up to 72,879,263 shares, including 59,520,000 shares issuable upon conversion of secured debentures, including interest and 10,750,000 shares issuable upon exercise of warrants of which 4,250,000 warrants are exercisable at $0.15, 2,125,000 warrants are exercisable at $0.20 per share, 3,125,000 warrants are exercisable at $0.45 per share and 1,250,000 warrants are exercisable at $0.55 per share*
Common Stock to be outstanding after the offering............ 196,796,343 Use of Proceeds............... We will not receive any proceeds from the sale of the common stock hereunder However, we will receive proceeds from the cash exercise, if any, of the warrants owned by the selling stockholders.
Risk Factors.................. The purchase of our common stock involves a high degree of risk. You should carefully review and consider "Risk Factors" beginning on page 4
* Based on the current issued and outstanding number of shares of 123,917,080 (without giving effect to 26,798,418 shares that were issued and deposited into escrow) as of January 9, 2005, and assuming issuance of all shares registered herewith, the number of shares offered herewith represents approximately 37.03% of the total issued and outstanding shares of common stock.
Expanded Use License stock warrant MVSystems, Inc.- As consideration for the grant of an Expanded Use License on October 12, 2005, granting XsunX additional benefits for use of licensed technologies and patents, XsunX granted MVS a warrant (the "Expanded Use License Stock Warrant") for the purchase of up to Seven Million (7,000,000) shares of common stock of XsunX, the warrant will expire five (5) years after the date of the grant and is subject to the following vesting provisions:
(7) The Expanded Use License Stock Warrant allowed for the vesting of one million (1,000,000) warrants on the effective date of the agreements.
(8) Another one million (1,000,000) warrants will vest upon the satisfactory completion of a Phase 4 development program for the development of technologies licensed under the Expanded Use License.
(9) The balance of five million (5,000,000) warrants will vest upon the date the technologies licensed within the Expanded Use License are licensed to a third party in a bona fide arms-length commercial setting
shomethamoney
posted
Old news - waiting to hear about the great conference that is coming up next Thursday - and the manufacturing sight will take this thing up!!! Good time to get in!!!
lilpennypincher
posted
Beatuiful uptrend and it's moving back up really nice!
Uptrend is super nice. And....still has room on this run up.
nar31977
posted
Trust me, they are not even selling their product, its in the ramp up stage to where they have enough to meet demand, when they go into sales........you are gonna see MAJOR % increases.
2.50 by the end of the month.
Buy, HOLD LONG
kywee
posted
1.80, not bad. to bad i didnt hold my shares from .565
nar31977
posted
well if it dips, you have another chance, it will hit the 2.00 mark within the week or month easy............
posted