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Where A and B are not both equal to zero. The equation is usually written so that A 0, by convention. The graph of the equation is a straight line, and every straight line can be represented by an equation in the above form. Total orders were 3 percent higher (stable in US dollars) compared with the second quarter a year ago, as the significant increase in Robotics and Motion and Industrial Automation more than offset the decline in Electrification Products and Power Grids. Large orders grew 5 percent (1 percent in US dollars) and represented 8 percent of the total orders, unchanged compared with the same quarter a year ago. A stronger US dollar versus the prior year period resulted in a negative translation impact on reported orders of 3 percent..
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iPhone Cases A basic reading of the press releases might lead a reader to believe that the company had purchased the equipment directly.However, a reading of the November 1, 2017, Form 8 K that described the transaction leaves us with a different impression. The 8 K clarified that Riot had actually acquired a corporate entity called Kairos Global Technology ("Kairos") that held the cryptocurrency mining equipment described above.The form 8 K described a share exchange agreement with Kairos whereby the company exchanged Convertible Preferred Stock (convertible into 1,750,001 common shares of Riot) for all outstanding shares of Kairos's common stock. Given that Riot's stock closed at $6.95 per share on November 1, 2017, we estimate the share transaction value at approximately $12.1 million (As of this writing those same shares would be worth an estimated $27 million.) In addition, Riot included a potential $1 million royalty sweetener for Kairos's shareholders:The shareholders of Kairos also will receive a royalty to be paid from cash flow generated from operations, which shall entitle such shareholders to receive 40% of the gross profits generated on a monthly basis until they have received a total of $1,000,000, at which point the royalty is extinguished.All told, we estimate the transaction provided anywhere from $12 13 million in value to Kairos's shareholders on the day of closing.iPhone Cases
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