$NGTF - Very positive 8K filing today announcing t
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Posted On: 01/20/2021 1:07:54 PM
Re: trooperstocks #23288
$NGTF - Very positive 8K filing today announcing that the CEO's share lock up agreement for the next 12 months. This demonstrates great confidence in the future for both the company and the share price.
From the filing:
On January 20, 2021, the Registrant entered into a “Lock Up” Agreement with its largest shareholder, Sean Folkson, owner of 16,776,644 shares which will take effect on February 4, 2021 and serve as an extension of the current Lock Up Agreement currently in place between the parties, which runs through February 4, 2021. Folkson has agreed to not transfer, sell, or otherwise dispose of any shares of his NGTF stock during the next twelve months.
As part of this agreement, Folkson received warrants to acquire 400,000 shares of NGTF common stock at an exercise price of $.30 per share. All warrants carry a twelve month term and a cashless provision, and will expire if not exercised within the twelve month term.
The agreements for Folkson’s warrant issuance and lock-up are exhibits hereto.
LINK: https://www.otcmarkets.com/filing/html?id=14626626&guid=F4sKUeoFaVRi-3h
From the filing:
On January 20, 2021, the Registrant entered into a “Lock Up” Agreement with its largest shareholder, Sean Folkson, owner of 16,776,644 shares which will take effect on February 4, 2021 and serve as an extension of the current Lock Up Agreement currently in place between the parties, which runs through February 4, 2021. Folkson has agreed to not transfer, sell, or otherwise dispose of any shares of his NGTF stock during the next twelve months.
As part of this agreement, Folkson received warrants to acquire 400,000 shares of NGTF common stock at an exercise price of $.30 per share. All warrants carry a twelve month term and a cashless provision, and will expire if not exercised within the twelve month term.
The agreements for Folkson’s warrant issuance and lock-up are exhibits hereto.
LINK: https://www.otcmarkets.com/filing/html?id=14626626&guid=F4sKUeoFaVRi-3h
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