I stand corrected, I used the term "loans" when I
Post# of 11803
(Total Views: 242)
Posted On: 09/14/2017 8:58:56 AM
I stand corrected, I used the term "loans" when I should have said, "subscribe to a $3.25 million to $5.00 million capital investment in the company" - The point here is "dilution" is possible and can be granted earlier than the 36 months by BOD consent.
TAKEN FROM June 30, 2017 NON-AUDITED DECN Financials:
"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.
TAKEN FROM June 30, 2017 NON-AUDITED DECN Financials:
"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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