NEW FUNDING W a 3 YEAR LOCK UP And lastly, the
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Posted On: 08/15/2017 5:42:09 AM
NEW FUNDING W a 3 YEAR LOCK UP
And lastly, the South American financier that he wished to subscribe to a $3.25 million to $5.00 million capital investment in the company. As of this writing the company has not concluded this capital investment, at its choice, but has received a signed and dated a Subscription Agreement for this upcoming investment from the financier. On June 30, 2017 the company accepted the Subscription Agreement for the company’s Preferred D units. Funding of the Subscription is expected by August 20, 2017. This Subscription Agreement is also described in the company’s 2Q 2017 Financials. 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.
And lastly, the South American financier that he wished to subscribe to a $3.25 million to $5.00 million capital investment in the company. As of this writing the company has not concluded this capital investment, at its choice, but has received a signed and dated a Subscription Agreement for this upcoming investment from the financier. On June 30, 2017 the company accepted the Subscription Agreement for the company’s Preferred D units. Funding of the Subscription is expected by August 20, 2017. This Subscription Agreement is also described in the company’s 2Q 2017 Financials. 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.
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