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Neonode, Inc. Message Board

  • harrybuttz harrybuttz Mar 20, 2014 9:59 AM Flag

    Only $8 million left in the tank... will need an offering of shares to dilute and raise cash


    Thank me later at 5

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    • Maybe they have been receiving income from the printers and forgot to tell you

    • Very puzzled by the Insider sell "disposition" of 200k shares. There are plenty of other ways to raise cash. Yes they need it. Weird timing on the sell. No one can argue against that.

      • 1 Reply to scoverguy
      • With a little research you would have found out that this sale was planned for some time. If it was not planned , I would be more concerned. .......
        In a privately-negotiated transaction, Mr. Bystedt delivered 200,000 shares of common stock to an unaffiliated third party creditor in repayment of a personal loan. Neonode Inc. was not a party to such loan, and did not extend, arrange, or renew such loan or the repayment of such loan. Mr. Bystedt's intention to offer his personal shares in exchange for repayment of his personal loan previously was disclosed in the prospectus supplement filed by Neonode Inc. on September 12, 2013 relating to the public offering by Neonode and certain selling shareholders, including Mr. Bystedt, to sell shares of common stock at a price of $6.60 per share pursuant to an underwriting agreement. The $6.67 deemed price per share reflects the closing price of Neonode Inc. common stock on March 17, 2004, which was the day Mr. Bystedt and the creditor agreed to enter into the privately-negotiated transaction.

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