Securities: 2,000,000 shares of Series B Preferred Stock ("Shares"). Investors: The Shares will be offered only to "accredited investors" as defined in Regulation D under the Securities Act. Aggregate Proceeds: $16,000,000 Price: $8.00 per Share (the "Sale Price"). Placement Agent: Morgan Stanley & Co. Incorporated (the "Placement Agent") on a "best efforts" basis. The Company will pay in cash a placement fee equal to 5% of the aggregate offering proceeds.
The capitalization of the Company giving effect to the Financing will be as follows: Name or Entity Class of Stock Number of Shares Total Percentage Ownership Existing Investorsa Common (Class A and B) 8,086,099 53% Series A Preferred 2,220,726 15% Warrants to Purchase Series A Preferred 333,110 2% New Investors Series B Preferred 2,000,000 13% Reserved for Directors, Management & Employees Common (Class A and B) 2,582,047 17% Total 15,221,982 100%
Assume you are Apex investors and you now will calculate company value and share price. The discount rate you expect is 60%
1994-1999
QThe revenue multiple of comparable companies of AccessLine is ?
Q the terminal value of AccessLine using revenue multiple is?
Q At the time of exit, investors investing in the focal round may expect their wealth to be?
Q Based on revenue multiple, the final ownership of focal round of investors is expected to be ?
25. Consider a bivariate data set. We have: N, Mean, SD for both x and for y. With only these descriptive statistics, Pearson r a. can be calculated if N is large b. can be roughly estimated c. can be calculated d. cannot be calculated e. none of the above 26. Note that this is "an empirical question" that can be probed by a call to a power function from package "pwr". How will using a one-sided statistical test of correlation, rather than a two-sided test, impact statistical power, all other factors being equal? a. it will not influence statistical power b. it will increase statistical power c. it depends on alpha d. it depends on the size of r e. it depends on sample size f. it will decrease statistical power g. it depends on the desired level of significance h. none of the above 27. It is common for Pearson correlation to be statistically significant when a. sample size is large b. each variable is a "random variable" c. the Pearson assumptions are not met d. the data were measured with great error e. sample size is small f. the data are not bivariately normal 4. the Pearson assumptions are met h. the data are nonlinear i. none of the above 28. Reflecting modern statistical thought, which of the following is the proper way for correlation to be reported in a paper submitted to a peer-review scientific journal. a. p = 0.072, r = 0.55 b. r 0.05 d. r = 0.55, p = 0.072 e. none of the aboveQuestion 3 What are the differences between right issues and bonus issues? Your answer should include the advantages and disadvantages of both right issues and bonus issues. [8 marks] Question 4 The Companies Act 2016 repealed the Companies Act 1965 and changed the landscape of company law in Malaysia. The Companies Act 2016 reformed almost all aspects of company law in Malaysia. Required: By referring to the Companies Act 2016, insert the correct sections in column (A) for each description in column B. LUChapter 9 Short Answer Questions (end of chapter p 284): 1 and 2 1. What is the difference between a valid. void and voidable contract? Give one example each of a valid, void and voidable contract. 2. How may a contract be set aside for unconscionable conduct? Discussion Questions (end of chapter p 284): 1 1. Contract law requires that parties enter agreements 'freely and voluntarily'. Explain why the consent to a contract should be 'free and voluntary' and discuss factors that affect the 'free and voluntary consent'. Question 4 (a) "Where contracts are affected by illegal performance, they would be entirely void from the start." Explain whether you agree with this statement with reference to the legal rules on illegality as a vitiating factor for contracts performed contrary to statutory law. You should provide examples to illustrate your answer. (12 marks) ( b ) "Restraint of trade clauses should never be included in employment contracts, as they are illegal and would render the contract entirely void." Explain whether you agree with this statement with reference to the legal rules on illegality as a vitiating factor for contracts in restraint of trade. (13 marks)
