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Posted On: 03/09/2019 5:03:27 PM
Post# of 30015
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Re: All Aboard #27635
sorry guys, didn't mean to create a firestorm... and you're right, I should have payed more attention because I hadn't realized that Todos was already trading publicly. What I was referring to in my concern about dilution from our 20 or potentially 50% share was the "proposed public offering" they are planning, using the bridge loan to get going. If there are suddenly more shares issued, do we get a proportionate amount of that?
Quote:
On February 27, 2019, we entered into a convertible bridge loan agreement (“Loan Agreement”), and issued notes and warrants relating thereto, to obtain an aggregate loan of $1,350,500 (the “Loan Amount”) from several private lenders, including DPH Investments Ltd., a holder of approximately 11.5% of the Registrant (“Lenders”). The Loan Amount is expected to be used for our working capital needs and to finance our activities through the consummation of a proposed public offering and our planned uplisting to the NASDAQ Capital Market .
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