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MeetMe, Inc. Message Board

  • b2btrillionsayear b2btrillionsayear Sep 26, 2011 9:21 AM Flag

    Financing at what terms? How much dilution? How many cheap warrants?

    Financing at what terms? How much dilution? How many cheap warrants? Why isn't mgmt of QPSA disclosing the terms?
    Means financing is not on favorable terms at all imho

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    • i hear that they are above the market....

      • 1 Reply to dmoneill77
      • Not even close to being above market!!! This is a fire sale deal.

        "The Series A are convertible, at the option of the Investors, at a price per share based on the following: the lower of (i) $3.5785 or (ii) if the proposed merger with Insider Guides, Inc. d/b/a “myYearbook.com” (the “Merger”) has closed, the lower of (A) 85% of the closing price of Quepasa’s common stock on the closing date of the Merger or (B) 85% of the volume weighted average price during the 20 trading days ending with the date of the closing of the Merger. In connection with this investment, Quepasa agreed to register the shares of common stock underlying the Series A and to cause such shares to be listed with the NYSE Amex on or before November 21, 2011, and agreed to give the Investors a refund on the Series A if such shares are not listed by such date and/or to progressively reduce the conversion price for the Series A if the registration statement is not effective by November 21, 2011."

        Not bashing just the facts!!!!

    • They'll disclose the terms in another filing like they have done those in the past... I'm not too concerned.

      IMO

      Not IMO - Wonderful City 100k short of high MAU. At the rate of growth last week, will surpass that # this week.

 

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