I don't like it. I understand they need money, however they got money from Veneto's bank. Supposedly no salaries being paid to the original guys, not talking about Veneto since their revenue should cover salaries. So we get $2M (just round it off) and give the right to the holders to convert at 70% of the 10 day VWAP plus warrants to purchase at $3.50 up to 120,570 shares. This was done on 1/24/19 (even though release says 1/24/18 which is just another careless mistake). Therefore these new shares, when converted, will be entitled to the new NGIO dividend (I would think). Also the warrants would be adjusted for dividends it says.

Someone got a sweet deal and it wasn't me.