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Posted On: 09/14/2020 2:59:55 PM
Post# of 82686
this pretty much sums it up for me from the filing...... I would insert something witty here but the post would then get deleted haha.
"WE HAVE BROAD DISCRETION IN THE USE OF THE NET PROCEEDS FROM THIS OFFERING AND MAY NOT USE THEM EFFECTIVELY.
We intend to use up to $2,315,000 net proceeds from this Offering (if we sell all the shares being offered) for the growth of our new product “SafeVchat” video product and operations. Our management will have broad discretion in the application of the net proceeds and may spend or invest these proceeds in a way with which our stockholders disagree. The failure by our management to apply these funds effectively could harm our business and financial condition. Pending their use, we may invest the net proceeds from this Offering in a manner that does not produce income or that loses value."
"WE HAVE BROAD DISCRETION IN THE USE OF THE NET PROCEEDS FROM THIS OFFERING AND MAY NOT USE THEM EFFECTIVELY.
We intend to use up to $2,315,000 net proceeds from this Offering (if we sell all the shares being offered) for the growth of our new product “SafeVchat” video product and operations. Our management will have broad discretion in the application of the net proceeds and may spend or invest these proceeds in a way with which our stockholders disagree. The failure by our management to apply these funds effectively could harm our business and financial condition. Pending their use, we may invest the net proceeds from this Offering in a manner that does not produce income or that loses value."
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