Just read over the sale of preferred shares, if I

Just read over the sale of preferred shares, if I got this right we sold a little over 5,000 preferred shares for a little over 5 million dollars. Each of those shares can be converted to 645 common shares. That equates to about 3.3 million shares, not immediately added to the float.

Then, also if I’m correct, they get warrants exercisable at 1.88, exercisable after 6 months from yesterday. This would give us another 6 million dollars and be another 3.3 million shares.

23,263,187 shares outstanding currently
+ about 6.3 million warrants from first offering
+ 3.3 million common shares that can be converted from preferred stock
+ 3.3 million warrants
= around 36 million shares outstanding Max

Remember all these shares won’t be coming to market at the same time, periodically over the next 5 years

In that time we will have raised about $33 million for the company’s expenses, operations, and expansion.

No taking on debt


The money is very necessary for operations and growing the company, this will be looked at by many as a necessity and a great thing for our future as we move through 2019.

It also shows the confidence of the buyers of preferred shares, when all is said and done they bought 3.3 million common shares for $1.55, about .30 less than the last closing price. They didn’t buy for a quick flip, they believe in the company and our future