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Posted On: 05/06/2018 4:24:58 PM
Post# of 15624
Re: freedomdreamer #13141
The Registrant must redeem half the outstanding shares of Preferred Shares beginning 270 days after the closing of the Purchase Agreement in an amount equal to 110% of the Stated Value in cash or Common Stock upon the terms and conditions set forth in the Certificate of Designations.
This above was taken right out of the 8-k and is the most important part of it. Basically the company has 270 days to raise cash or find a better deal and pay them off, or technically after the 270 days New Bridge will have half of the 37,500,000 shares to do what they want with them. OWCP seems to think the next 270 days after the purchase agreement will be huge I'm thinking.
This above was taken right out of the 8-k and is the most important part of it. Basically the company has 270 days to raise cash or find a better deal and pay them off, or technically after the 270 days New Bridge will have half of the 37,500,000 shares to do what they want with them. OWCP seems to think the next 270 days after the purchase agreement will be huge I'm thinking.
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