(Total Views: 731)
Posted On: 02/21/2018 12:26:29 PM
Post# of 108351
$SIGO 8k out GREAT news!
* Auctus note fully repaid
* Can be repaid in cash instead of shares! Possibly no more dilution!!
Looks like no more dilution from here. That $4 million will be plenty of money to complete all 3 phases. That should get us around 90,000 sq ft of grow space. We should easily be able to pay that note off in cash.
Looking great!
Quote:
On February 14, 2018, the Company has executed an agreement with St George Investments for $4,245,000 with the initial tranche being $850,000. The Company received the funds on February 20, 2018. As part of the initial tranche the Company repaid Auctus Fund. The Company moved forward with St. George because of how St. George is paid back. Instead of issuing shares the Company has the option to repaying the redemption amount in cash.
* Auctus note fully repaid
* Can be repaid in cash instead of shares! Possibly no more dilution!!
Looks like no more dilution from here. That $4 million will be plenty of money to complete all 3 phases. That should get us around 90,000 sq ft of grow space. We should easily be able to pay that note off in cash.
Looking great!
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