Deal sells 35.5 million common shares at $0.02 each to Mark Nordlicht
By Devika Patel
Knoxville, Tenn., April 10 - Optionable, Inc. completed a $710,000 private placement of stock with Mark Nordlicht on April 10, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 35.5 million common shares at $0.02 apiece, which is identical to the closing share price on April 9.
New York's Optionable focuses on exploring and seeking possible business transactions and new business relationships in areas unrelated to brokerage services.
| Issuer: | Optionable, Inc.
|
| Issue: | Common stock
|
| Amount: | $710,000
|
| Shares: | 35.5 million
|
| Price: | $0.02
|
| Warrants: | No
|
| Investor: | Mark Nordlicht
|
| Settlement date: | April 10
|
| Stock symbol: | OTCBB: OPBL
|
| Stock price: | $0.02 at close April 9
|
| Market capitalization: | $1.35 million
|
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