Posted On: 05/31/2013 8:47:37 PM
Post# of 5066
http://www.stockmarketmediagroup.com/bio-matr...n-funding/
This agreement grants the Company the option to sell and obligates Southridge to purchase up to $20,000,000 of common stock over its term. The per share price will be determined based on market prices in accordance with an agreed upon formula and the Company is not obligated to draw on the facility.
Koos is probably responsible. They diluted nearly 400 million. Im sure most of it was min purchase --probably 100-125 million- - then another 150 million or so for southridge and 125 million or so for day to day operations and debt.
This agreement grants the Company the option to sell and obligates Southridge to purchase up to $20,000,000 of common stock over its term. The per share price will be determined based on market prices in accordance with an agreed upon formula and the Company is not obligated to draw on the facility.
Koos is probably responsible. They diluted nearly 400 million. Im sure most of it was min purchase --probably 100-125 million- - then another 150 million or so for southridge and 125 million or so for day to day operations and debt.
(0)
(0)
