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Posted On: 05/02/2020 4:08:53 PM
Post# of 148899
Happy Sat to all- I have read a lot of opinions/noise on NP's recent filing here and there. Hopefully this will put it to rest for some.
I had my broker contact NP directly about it.
Summing it up...CYDY had a deadline to meet with Samsung. CYDY and Samsung have an extremely good relationship. NP exercised his warrants/options (cashless to him) to bring CYDY current. NON DILUTIVE TO SHAREHOLDERS.
This will allow CYDY and Samsung to move forward with production that is at it's highest demand ever.
Here's a simple scenario?- You order 50 of a product and it's time to pay but you have new orders of 500,000 and climbing every day. Well pay for that 50 on time.. and quickly... then the relationship builds as your order books rise.
Chump
I had my broker contact NP directly about it.
Summing it up...CYDY had a deadline to meet with Samsung. CYDY and Samsung have an extremely good relationship. NP exercised his warrants/options (cashless to him) to bring CYDY current. NON DILUTIVE TO SHAREHOLDERS.
This will allow CYDY and Samsung to move forward with production that is at it's highest demand ever.
Here's a simple scenario?- You order 50 of a product and it's time to pay but you have new orders of 500,000 and climbing every day. Well pay for that 50 on time.. and quickly... then the relationship builds as your order books rise.
Chump
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