Pre STO/STO Use of funds are as follows as per BST website:
Funds raised are as follows- Pre STO 44,400,000 TOKENS X $0.025 = $11,100,000 (over the next couple of months)
STO 32,400,000 TOKENS X $0.50 = $16,200,000 (over the following few months)
Total raise $27,300,000
SO USE OF FUNDS:
R&D - 27,300,000 X 37% = $10,101,000 (probably where SFOR gets paid from)
Company Expansion - 27,300,000 X 17% = $4,641,000
Marketing - 27,300,000 X 15% = $4,095,000 (nice marketing budget)
Operation - 27,300,000 X 15% = $4,095,000
Legal & INsurance - 27,300,000 X 8% = $2,184,000
Misc. - 27,300,000 X 2% = $546,000
Thats 94% of the funds, 6% is avail. to add to any of the catagories above.
$27,300,000 X 6% = $1,638,000 Not accounted for. George and Mark need to be emailed to correct the perentages or add a catagory of 6%.
All this money equates to a very active 2019 and beyond.
IMO
GLTA
Funds raised are as follows- Pre STO 44,400,000 TOKENS X $0.025 = $11,100,000 (over the next couple of months)
STO 32,400,000 TOKENS X $0.50 = $16,200,000 (over the following few months)
Total raise $27,300,000
SO USE OF FUNDS:
R&D - 27,300,000 X 37% = $10,101,000 (probably where SFOR gets paid from)
Company Expansion - 27,300,000 X 17% = $4,641,000
Marketing - 27,300,000 X 15% = $4,095,000 (nice marketing budget)
Operation - 27,300,000 X 15% = $4,095,000
Legal & INsurance - 27,300,000 X 8% = $2,184,000
Misc. - 27,300,000 X 2% = $546,000
Thats 94% of the funds, 6% is avail. to add to any of the catagories above.
$27,300,000 X 6% = $1,638,000 Not accounted for. George and Mark need to be emailed to correct the perentages or add a catagory of 6%.
All this money equates to a very active 2019 and beyond.
IMO
GLTA
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