Not 12% dadon. Excerpted from the Equity Financing
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Posted On: 03/27/2018 1:09:41 PM
Not 12% dadon. Excerpted from the Equity Financing Agreement:
SECTION II, 2.3 ...."The price of the Put shall be eighty (80%) percent of the “Market Price,” which is the lowest traded price of the Company’s Common Stock for ten (10) consecutive trading days preceding the Put Date."
Nevertheless, I believe you are correct about GHS selling shares garnered from a Put Notice under the Equity Financing Agreement.
My concern is the Roy Meadows transfer note they hold for $1,107,606.00 which is convertible at a 37% discount and would likely be converted while prices are low. If not converted, it is due, in full, in July. Converted, while prices are low, would maximize the GHS return should the pps mount a big run, which might just happen.
SECTION II, 2.3 ...."The price of the Put shall be eighty (80%) percent of the “Market Price,” which is the lowest traded price of the Company’s Common Stock for ten (10) consecutive trading days preceding the Put Date."
Nevertheless, I believe you are correct about GHS selling shares garnered from a Put Notice under the Equity Financing Agreement.
My concern is the Roy Meadows transfer note they hold for $1,107,606.00 which is convertible at a 37% discount and would likely be converted while prices are low. If not converted, it is due, in full, in July. Converted, while prices are low, would maximize the GHS return should the pps mount a big run, which might just happen.
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