Posted On: 08/14/2015 10:09:12 AM
Post# of 102773
$PNOW A ‘LOCK-UP’ HAS BEEN PUT IN PLACE TO
STOP FUTURE SALES OF THE LARGEST DEBTHOLDER’S CONVERTIBLE NOTE TO THIRD PARTY INVESTORS
WHY?
1. To stave off dilution stemming from that particular convertible debt.
2. To give shareholders a chance to benefit from Oveedia’s upcoming launch and the future success of the company!
HOW DOES A ‘LOCK-UP’ HELP ACCOMPLISH THIS?
The ‘lock-up’ ties up the convertible debt for a certain period of time so that it can no longer be used [sold].
By cutting off the source, whereby third party investors are purchasing the portions of the debt they are converting into the market, we substantially reduce dilution; again, STOPPING dilution at the primary source! This will give the Company an opportunity to recover from the constant barrage of shares that have flooded the market!
STOP FUTURE SALES OF THE LARGEST DEBTHOLDER’S CONVERTIBLE NOTE TO THIRD PARTY INVESTORS
WHY?
1. To stave off dilution stemming from that particular convertible debt.
2. To give shareholders a chance to benefit from Oveedia’s upcoming launch and the future success of the company!
HOW DOES A ‘LOCK-UP’ HELP ACCOMPLISH THIS?
The ‘lock-up’ ties up the convertible debt for a certain period of time so that it can no longer be used [sold].
By cutting off the source, whereby third party investors are purchasing the portions of the debt they are converting into the market, we substantially reduce dilution; again, STOPPING dilution at the primary source! This will give the Company an opportunity to recover from the constant barrage of shares that have flooded the market!
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