Shs Float 0.70M
not even a mill in the float. They know how to pick em.......
Form 8-K for LIVEDEAL INC
13-Dec-2011
Other Events
Item 8.01. Other Items.
On December 12, 2011, LiveDeal, Inc. (the "Company") completed an equity financing with five unaffiliated investors for an aggregate cash purchase price of $2.0 million. The Company issued a total of 1,612,899 new shares of its common stock in connection with the transaction at a price of $1.24 per share, which was equal to the closing bid price of the common stock as reported on the NASDAQ Capital Market on the date of the transaction. As of December 12, 2011, the Company had 725,479 shares of common stock outstanding, which had a book value per share equal to approximately $1.04 based on the Company's unaudited stockholders' equity as of September 30, 2011. After giving pro forma effect to the transaction, the Company had 2,338,378 shares of common stock issued and outstanding on September 30, 2011, with a book value per share equal to approximately $1.18 based on the Company's pro forma unaudited stockholders' equity as of September 30, 2011 giving effect to the equity financing. As a result of the foregoing, the Company believes that, as of September 30, 2011, after giving pro forma effect to the equity financing, its stockholders' equity exceeds the NASDAQ requirement of $2.5 million for continued listing on The NASDAQ Capital Market. hangin by a thread
Below is a balance sheet evidencing stockholders' equity of $2,752,560, on a pro forma basis, as of September 30, 2011, as a result of the financing:
http://biz.yahoo.com/e/111213/live8-k.html
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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