Company sells 600,000 common shares at $0.011 to single investor
By Marisa Wong
Madison, Wis., Feb. 25 - Advanced Voice Recognition Systems, Inc. sold 600,000 shares of common stock to a single investor at a purchase price of $0.011 per share for a total of $6,600, according to an 8-K filing with the Securities and Exchange Commission.
The price per share is a 72.5% discount to the Feb. 24 closing share price of $0.04.
The company entered into a stock purchase agreement with the sole private investor on Tuesday.
Based in Scottsdale, Ariz., the company develops speech recognition and transcription technologies.
| Issuer: | Advanced Voice Recognition Systems, Inc.
|
| Issue: | Common stock
|
| Amount: | $6,600
|
| Shares: | 600,000
|
| Price: | $0.011
|
| Warrants: | No
|
| Settlement date: | Feb. 25
|
| Stock symbol: | OTCBB: AVOI
|
| Stock price: | $0.04 at close Feb. 24
|
| Market capitalization: | $8.4 million
|
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