Arbitrary Offering Price. The price of the Shares offered hereby has been arbitrarily determined by the Company without the benefit of an arm's-length negotiation and is not based upon generally-recognized criteria, such as earnings, price per share, net book value, etc. There can be no assurances that the offering price is representative of the actual value of the Shares.
Arbitrary Offering Price. The offering price of the Units has been determined by the General Partner based upon a valuation of the Partnership conducted by an independent third-party valuation firm, and based on various assumptions that may or may not occur. A copy of this valuation will be made available on request. The offering price of the Units is not, however, necessarily indicative of their value, if any, and no assurance can be given that the Units, if and when transferable, could be sold for the offering price or for any amount. Limitation of General Partner's Liability and Indemnification. The Partnership Agreement provides that the General Partner will not be liable to the Partnership or to any Partner for errors in judgment or other acts or omissions in connection with the Partnership as long as the General Partner, in good faith, determined such course of conduct was in the best interest of the Partnership, and such course of conduct did not constitute willful misconduct or gross negligence. Therefore, the Limited Partners may have a more limited right of action against the General Partner in the event of its misfeasance or malfeasance than they would have absent the limitations in the Partnership Agreement. The Partnership will indemnify the General Partner against losses sustained by the General Partner in connection with the Partnership, unless such losses came as a result of the General Partner's gross negligence or willful misconduct. In the opinion of the SEC, indemnification for liabilities arising out of the Securities Act is contrary to public policy and therefore is unenforceable.
Arbitrary Offering Price. The offering price of the Option and the Shares has been determined arbitrarily by the Company and does not necessarily bear any relationship to the assets, book value or any other recognized criteria of value or the prospective value of the Company's assets. No assurance is or can be given that the Option and the Shares could be sold for the offering price or for any amount.
Arbitrary Offering Price. The price to the public of the Shares offered hereby has been arbitrarily determined by the Company and bears no relationship to the Company's earnings, book value or any other recognized criteria of value. Immediate and Substantial Dilution. An investor in this offering will experience immediate and substantial dilution. Limited Market for Securities of the Company. A limited market has existed for the securities being offered hereby and no assurance can be given that a market will develop subsequent to this Offering.
Arbitrary Offering Price. The price of the Units offered hereby has been arbitrarily determined by the Company without the benefit of an arm's-length negotiation and is not based upon generally-recognized criteria, such as earnings, price per share, net book value, etc. There can be no assurances that the offering price is representative of the actual value of the Units.
Arbitrary Offering Price. The Unit price, the conversion feature, and the Warrant exercise price have been determined through negotiation between the Company and the Placement Agents. These values were selected arbitrarily and do not necessarily bear any relationship to the Company's asset value, net worth, earnings or any other established criterion of value.
Arbitrary Offering Price. The Company has arbitrarily determined the Purchase Price per share. Among the factors considered were estimates made by the principals as to the future prospects of the Company and its operations, expenses and potential revenues. Such estimates were prepared by the principals based on their experience in the industry and current market conditions. There can be no assurances the projections prepared by the principals for the Company will be achieved.
Arbitrary Offering Price. The Offering price of the Company's stock has been arbitrarily determined and does not purport to represent any intrinsic value or net worth of the Company.
Arbitrary Offering Price. The offering price of the Units offered hereby has been arbitrarily determined by the Company. Such price was, however, determined by reference to the current market price, business and financial condition of the Company, the general condition of the securities markets and the current capital needs of the Company. There can be no assurances that the offering price is representative of the actual value of the Units.
Arbitrary Offering Price. 25 Broad Discretion in Use of Proceeds ................................................ 25
