Yup. It is. In the after hours they dropped an 8k.
Post# of 25332
Posted On: 08/23/2014 8:01:05 PM
Yup. It is. In the after hours they dropped an 8k. $DRIO
Contractual limitations on ownership"
This is interesting ...
"Of the aggregate Exchange Shares, 49,660,465 were issued as of August 22, 2014 and the Company has reserved an additional 4,370,485 Exchange Shares for potential future issuance due to contractual limitations on ownership as agreed to with a Buyer."
LabStyle is restricted from selling more shares. They can only sell 4.37M shares "due to contractual limitations on ownership". LabStyle anticipated needing only one more $4M round of funding before being profitable.
Contractual limitations on ownership"
This is interesting ...
"Of the aggregate Exchange Shares, 49,660,465 were issued as of August 22, 2014 and the Company has reserved an additional 4,370,485 Exchange Shares for potential future issuance due to contractual limitations on ownership as agreed to with a Buyer."
LabStyle is restricted from selling more shares. They can only sell 4.37M shares "due to contractual limitations on ownership". LabStyle anticipated needing only one more $4M round of funding before being profitable.
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