The offering is for 1 year. No payments are made
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Posted On: 03/18/2017 8:11:50 AM
The offering is for 1 year. No payments are made during that year. Interest is paid at the end of the offering.
The conversion feature is in place to reward those who help out with this offering. If in 1 year the company is doing extremely well, then the company can opt to be generous and do the conversion - effectively doubling your money plus 12% plus a little for compounding.
It is a win-win situation for everyone involved. The company obtains $1 million cash flow to jump start the continuation of the certification process as well as complete the restructuring. The preferred shareholder has greater protection than those of common shares (ie: "preferred" ), is helping to insure the value of his common shares, and can more than double his money in 1 year based on the potential success of the company.
As the 2 top shareholders have ALWAYS had the best interests of the company at heart, and have taken the bulk of this deal, you can pretty much rest assured that the company will SUCCEED and will SUCCEED BIGTIME.
You can also be pretty much assured that after 1 year, the company will certainly be in the position to be generous and will most likely honor the conversion. There are no restrictions on the converted shares.
The conversion feature is in place to reward those who help out with this offering. If in 1 year the company is doing extremely well, then the company can opt to be generous and do the conversion - effectively doubling your money plus 12% plus a little for compounding.
It is a win-win situation for everyone involved. The company obtains $1 million cash flow to jump start the continuation of the certification process as well as complete the restructuring. The preferred shareholder has greater protection than those of common shares (ie: "preferred" ), is helping to insure the value of his common shares, and can more than double his money in 1 year based on the potential success of the company.
As the 2 top shareholders have ALWAYS had the best interests of the company at heart, and have taken the bulk of this deal, you can pretty much rest assured that the company will SUCCEED and will SUCCEED BIGTIME.
You can also be pretty much assured that after 1 year, the company will certainly be in the position to be generous and will most likely honor the conversion. There are no restrictions on the converted shares.
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