Foldera (TM), Inc. (FDRA.OB), reports that it has entered into a $4,000,000 common stock purchase agreement with Vision Opportunity Master Fund, Ltd.
Under the agreement, Vision funded $1,000,000 today, purchasing 1,666,667 shares of common stock of Foldera, at $0.60 per share. Vision has the option, but not the obligation, to purchase an additional $3,000,000, or up to 5,000,000 shares of common stock, through July 31, 2007, at a fixed price of $0.60 per share.
Let us hear your thoughts below: