Interplay Purchase Price Revealed
-
Category: News ArchiveHits: 658
Further to the change in control described in the registrant's 8-K filed on March 27, 2008 relating to the acquisition of control of the registrant by Financial Planning and Development S.A. ("FPD"), the registrant has been informed by FPD that FPD paid $159,000 on April 30, 2007 in a private sale by the bankruptcy trustee of Titus Interactive S.A. (at a time when a petition for involuntary bankruptcy had been filed against the registrant, which had not been dismissed). FPD purchased at that time 58,426,293 shares of common stock of the registrant and warrants to purchase 400,000 shares of common stock of the registrant at an exercise price of $3.79 per share. The registrant believes that FPD paid such consideration from FPD's own working capital.
