HOW LONG IS THE FIRST RIGHT OF REFUSAL? 3 Month
Post# of 4678
Posted On: 08/14/2015 1:33:28 PM
HOW LONG IS THE FIRST RIGHT OF REFUSAL?
3 Months
In other words, for a period of 90 days after the lock-up period has ended, the Company’s primary debtholder is now strictly limited to selling their debt to a single investor (in the event the debt continues to remain outstanding at that time).
This action eliminates the primary debtholder’s ability to again sell to multiple parties, which would once again create heavy dilution. Thus, for an additional 3 months (a total of 6 months), this debt is under control.
http://www.purenow.solutions/the-pnow-lock-up/
3 Months
In other words, for a period of 90 days after the lock-up period has ended, the Company’s primary debtholder is now strictly limited to selling their debt to a single investor (in the event the debt continues to remain outstanding at that time).
This action eliminates the primary debtholder’s ability to again sell to multiple parties, which would once again create heavy dilution. Thus, for an additional 3 months (a total of 6 months), this debt is under control.
http://www.purenow.solutions/the-pnow-lock-up/
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