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Posted On: 08/07/2020 2:59:27 PM
Post# of 36519
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Now we know what the money will be used for...to pay their accrued expenses (people they have owed for a while) and...wait for it wait for it...acquisitions! Really? Acquisitions? Get the other "acquisitions" working and producing REVENUES!!! PERIOD JOE!!!
"The Company expects to receive gross proceeds from the Private Placement of $2.0 million initially, before deducting transaction costs, fees and expenses payable by the Company. The Company intends to use the net proceeds of the Private Placement to first pay certain accrued expenses and the remaining proceeds for working capital purposes and acquisitions."
"The Company expects to receive gross proceeds from the Private Placement of $2.0 million initially, before deducting transaction costs, fees and expenses payable by the Company. The Company intends to use the net proceeds of the Private Placement to first pay certain accrued expenses and the remaining proceeds for working capital purposes and acquisitions."
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.