Are you sure about that. I re-read the S3 with my
Post# of 153930
(Total Views: 410)
Posted On: 02/01/2020 8:54:47 AM
Are you sure about that. I re-read the S3 with my breakfast this morning, and as I understand it, some of the warrants and shares accumulated in the November and December offerings by some of these individuals are now up for sale. The chart shows how many they plan to offer between stock and warrants. Only Malcolm Winks, Elias De La Torre, and Thomas Mollick Insurance trust plan to sell all their holdings. The rest are offering a percentage of their holdings for sale however they choose. Hopefully it doesn't flood the market, but I did appreciate this verbiage.
(emphasis is mine)
"We have advised the selling stockholders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling stockholders and their affiliates. In addition, to the extent applicable, we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling stockholders for the purpose of satisfying the prospectus delivery requirements of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act."
Where was this verbiage in early December last year :o)
(emphasis is mine)
"We have advised the selling stockholders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling stockholders and their affiliates. In addition, to the extent applicable, we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling stockholders for the purpose of satisfying the prospectus delivery requirements of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act."
Where was this verbiage in early December last year :o)
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