date:May 14, 2014
d on April 10, 2014, once regulatory issues are resolved, which is anticipated to happen shortly, the Company will issue 2.6 million shares of its common stock to Mr. Wang for an aggregate consideration of $5.72 million, or $2.20 per share. The offering price represents an approximately 20.9% premium over the closing price of $1.82 on April 9, 2014. As a condition of the sale, Mr. Wang agreed not to sell the Shares for 18 months and thereafter at not less than $2.20 per share.
On April 8, 2014,