This last finance deal from payday loans is numbing.
"Concurrently with the execution of the Loan Agreement, the Company issued to an affiliate of the Lender seven-year warrants (the “Warrants”) to purchase an aggregate of 1,648,351 shares of the Company’s common stock at a per share price of $1.00, of which 989,011 shares are exercisable immediately on a cash or cashless basis in whole or in part. Pursuant to the Warrants, (i) 329,670 shares subject to the Warrants will become exercisable upon the achievement of the IP Monetization Milestones and (ii) the remaining 329,670 shares subject to the Warrants will become exercisable upon the Company’s receipt of an IP Milestone Term Loan. The Warrants were issued in a private placement transaction that was exempt from registration under Section 4(2) of the Securities Act of 1933 (the “Securities Act”)."
Lets sing of better times. At least Gail Sasakee made some money selling at the peak last year. I hope her newfound money gives her many happy returns like a nice auto or a nice vacation property.
They could get better financing from a buy here pay here car lot.
"or alternatively for its
shares to be qualified for trading on the OTC Bulle
I read that to mean maintaining the $1 level is NOT required.
Other misrepresentations being made as well
Funny how certain former unreliable boosters are equally
unreliable as bashers. Maybe wishing they hadn't sold for .85 ??