(Total Views: 288)
Posted On: 08/16/2017 8:48:19 PM
Post# of 872
X, I think the current registration for 5 million shares that was filed in April 2017 still has plenty of shares remaining
From the 10-Q Note 7 (page 10)
During the period August 2016 through June 30 2017, the institutional investor purchased 4,400,000 shares of common stock for proceeds of $3,209,950 and the Company issued 104,326 shares of common stock as additional commitment fee, valued at $87,841, fair value, leaving 545,674 in reserve for additional commitment fees. For the three months ending June 30, 2017, the institutional investor purchased 400,000 shares of common stock for proceeds of $584,600 and the Company issued 19,001 shares of common stock as additional commitment fee, valued at $29,168, fair value. For the six months ending June 30, 2017, the institutional investor purchased 2,000,000 shares of common stock for proceeds of $1,656,760 and the Company issued 53,845 shares of common stock as additional commitment fee, valued at $53,921, fair value. During July and August 2017, the institutional investor purchased 800,000 shares of common stock for proceeds of $935,600 and the Company issued 30,408 shares of common stock as additional commitment fee, valued at $37,164, fair value, leaving 515,266 in reserve for additional commitment fees.
https://www.sec.gov/Archives/edgar/data/13259...lg_10q.htm
So from the April 2017 S-1 Registration of 5 million shares, it looks like at most a total of 1.2 million have been issued to LPC
April-June 2017 --> 400k shares
July-August 2017 --> 800k shares
From the 10-Q Note 7 (page 10)
During the period August 2016 through June 30 2017, the institutional investor purchased 4,400,000 shares of common stock for proceeds of $3,209,950 and the Company issued 104,326 shares of common stock as additional commitment fee, valued at $87,841, fair value, leaving 545,674 in reserve for additional commitment fees. For the three months ending June 30, 2017, the institutional investor purchased 400,000 shares of common stock for proceeds of $584,600 and the Company issued 19,001 shares of common stock as additional commitment fee, valued at $29,168, fair value. For the six months ending June 30, 2017, the institutional investor purchased 2,000,000 shares of common stock for proceeds of $1,656,760 and the Company issued 53,845 shares of common stock as additional commitment fee, valued at $53,921, fair value. During July and August 2017, the institutional investor purchased 800,000 shares of common stock for proceeds of $935,600 and the Company issued 30,408 shares of common stock as additional commitment fee, valued at $37,164, fair value, leaving 515,266 in reserve for additional commitment fees.
https://www.sec.gov/Archives/edgar/data/13259...lg_10q.htm
So from the April 2017 S-1 Registration of 5 million shares, it looks like at most a total of 1.2 million have been issued to LPC
April-June 2017 --> 400k shares
July-August 2017 --> 800k shares
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