TCA Global will NEVER fund this company with a full $4m. AXXE will end up in default after the first couple of installments and incur MASSIVE DILUTION because of the security feature embedded in the contract. After the default, expect a death spiral. Toxic Financing and Death Spirals are terms used to describe this type of financing and not terms that I made up.
You have no idea what you are talking about. You are jus a typical short seller. It sounds like you just made this up. Where is your proof of this? Please provide an article or any type of proof that backs up your statement or no one will listen to you, This a strategic investment by Axxes to obtain financing from TCA, The revolving line of credit will enable Axxess Pharma to generate significant revenue in the near-term with high gross profit margins. The line of credit will be used to aggressively develop, market and sell its line of pain relief and muscle recovery products worldwide, as well as develop and market a vitamins and minerals line under the TapouT brand name. Management will also release a second wave of TapouT branded products which will be a premium vitamins line. I would also like to add that it is a strategic accomplishment for Axxess to align itself with a world-class sporting brand (Tapout).The TapouT brand is highly recognizable, especially in Asia and Brazil. Through TapouT's sponsorship of UFC events, Axxess plans to piggyback on its strong brand awareness and substantial loyal customer base.
TCA never fully funds anything. I agree with Corner. I've seen the TCA terms many times. If you look at the terms, you will find that TCA holds millions in shares as security/collateral because TCA gambles for companies like this one that the note will end up in default. AXXE is trading at .20 today but within a couple of months it will barely be a penny. Wait and see for yourself. The $4m press release is nothing but fluff.