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dilution |
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| Bruce Acacio, President and CEO of the Company, stated "The preliminary agreement between California Software Corporation and MAI Systems contained protective provisions designed to limit dilution incurred by existing shareholders of California Software in the event the stock price fell below a certain price per share prior to consummation. As proposed, the acquisition would require no cash or debit to the company, and would limit dilution to no more than 8%. DrugAbuse Sciences near-term financial goal is to maintain a low burn rate, limit dilution, take the Company public at a highly attractive valuation and become profitable based on its first near-term product candidates. |
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