And lastly, the South American financier has noti
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Posted On: 05/16/2017 2:37:55 PM
And lastly, the South American financier
has notified the company that he and those closely associated with him wished to subscribe to a $3.25 million to $5.0 million capital investment in the company. As of this writing the company has not concluded this capital investment, at its choice, but recently received a signed and dated a Subscription Agreement for this upcoming investment from the financier. Among the many terms in this investment, the South American financier will not be able to convert and sell any securities that underlie the investment vehicle for 36 months from the time of the investment.
While it's great that investors are interested in buying in, I would rather not see them sell a big chunk of the company at this ultra low irrational valuation.
has notified the company that he and those closely associated with him wished to subscribe to a $3.25 million to $5.0 million capital investment in the company. As of this writing the company has not concluded this capital investment, at its choice, but recently received a signed and dated a Subscription Agreement for this upcoming investment from the financier. Among the many terms in this investment, the South American financier will not be able to convert and sell any securities that underlie the investment vehicle for 36 months from the time of the investment.
While it's great that investors are interested in buying in, I would rather not see them sell a big chunk of the company at this ultra low irrational valuation.
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