During the period from January 9, 2017 through February 22, 2017, the company issued 4,489,465 restricted shares with an equal number of warrants for total proceeds of $1,642,640. Once the warrants are exercised the total proceeds derived from that will be roughly $3,300,000.
This should be viewed as a positive because without money the company would not be able to do what they are doing.
The following 8-K was filed on February 24, 2017. Everything is spelled out.
GLTY & GLTA!
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