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GeneSYS ID Inc. (GNID)

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Last Post: 1/19/2017 7:27:08 PM - Followers: 105 - Board type: Free - Posts Today: 3

GeneSYS ID Inc. (GNID) 



On May 12, 2016 the Company entered into three agreements with Wellington Shields and Co, LLC, the Company’s new investment banker.

 

In the first agreement, the Company engaged and retained Wellington Shields as its financial advisor as it relates to a private placement of

up to $1,000,000, terminating at the close of business October 31, 2016. In consideration for the services rendered by Wellington Shields the

Company agrees to pay a placement success fee equal to 10% of the gross proceeds and a warrant to purchase common shares of the

Company equal to 4% of the amount of the placement at a purchase price equal to 110% of the implied price per share of the placement.

 

In the second agreement the Company engaged and retained Wellington Shields as a placement agent to Rx Safes, Inc as it relates to

acquisition financing of up to $15,000,000, terminating at the close of business December 1, 2016. In consideration for the services rendered

by Wellington Shields, the Company agrees to pay placement success fee equal to 8% of the gross proceeds of the placement, common

shares equal to 3% of the outstanding shares of Rx Safes, Inc. post closing and a monthly accruing retainer of $10,000 per month, payable

at the time of a financing at any amount of $5 million.

 

In the third agreement the Company engaged and retained Wellington Shields as its Exclusive Investment Banker for a twelve-month term

as it relates to a Public Offering of up to $40,000,000 on a national exchange. In consideration for the services rendered by Wellington

Shields the Company agrees to pay offering commission equal to 6% of the gross proceeds of the sale of the Company’s shares and

offering warrants equal to 3% of the amounts raised at a purchase price equal to 110% of the implied price per share of the sale or 110% of

the public market closing price of the Company’s common stock on the date of the sale, whichever is lower.

 

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#32090   GNID: Turn off the lights!!! dnoto 01/19/17 07:27:07 PM
#31890  Sticky Note It should be clear now why the toxic Toxic Avenger 11/22/16 07:19:09 AM
#31859  Sticky Note I find this quote interesting, particularly because the waterchaser 11/21/16 06:00:39 PM
#27657  Sticky Note GNID - Daily and Weekly Chart The_Free_Nebula 09/23/16 07:17:24 PM
#32089   Their salaries are about three times the market gadawg22 01/19/17 03:04:48 PM
#32088   I would be highly embarrassed if my Name Yankeedave 01/19/17 01:56:15 PM
#32087   It's a wrap after that KING T 01/13/17 03:58:59 PM
#32086   HENDERSON, NV--(Marketwired - Feb 8, 2016) - Rx HokieHead 01/13/17 03:10:36 PM
#32082   GNID... 02...Chart...low floater needs 500K volume to get georgie18 01/13/17 06:47:34 AM
#32081   GNID, YOU ARE A TURD dnoto 01/12/17 03:52:35 PM
#32080   Next filing is the 10K, due 3/30 and Toxic Avenger 01/12/17 12:30:57 PM
#32079   I would like to amend GNID CEO Yardes' Yankeedave 01/12/17 11:20:52 AM
#32078   Former CSO of GNID Selling RX Safes out Yankeedave 01/12/17 11:02:04 AM
#32077   That is why I bought in November a gadawg22 01/12/17 10:25:56 AM
#32076   Just another bleeder to help themselves to what pottsville 01/12/17 07:26:03 AM
#32075   They're just rewarding the Dr. who was shilling Toxic Avenger 01/11/17 08:26:18 PM
#32074   Interesting. A new director. Maybe this gadawg22 01/11/17 04:29:49 PM
#32073   GNID Grant Writer Done. Thanks for Oklahoma... Most Yankeedave 01/11/17 12:02:32 PM
#32071   There's currently no GNID volume plus 3 undisclosed Veronicafox 01/10/17 12:09:34 PM
#32070   GNID..Troops coming..PPS to beyond a buck IMO Bruce the Stock Guy 01/10/17 09:15:23 AM
#32069   I agree...lets bring it... georgie18 01/10/17 09:04:19 AM
#32068   GNID..PPS spike coming! imo Bruce the Stock Guy 01/10/17 09:03:24 AM
#32067   GNID, considering the Low Float, this is prime Yankeedave 01/09/17 07:33:55 PM
#32066   025...Beauty day on Wedge Breakout...thin L2...04 high of georgie18 01/09/17 05:51:25 PM
#32065   Yah right. Must be that guaranteed financing that waterchaser 01/09/17 04:07:52 PM
#32064   GNID..On the move! Bruce the Stock Guy 01/09/17 03:41:14 PM
#32063   find a way to pump this to a The_Free_Nebula 01/09/17 10:28:08 AM
#32062   029...Chart linked from 017 alert... georgie18 01/09/17 10:08:36 AM
#32061   "Lopsided analysis is sloppy analysis." Toxic Avenger 01/08/17 05:04:02 PM
#32060   What event will cause the massive buying to gadawg22 01/07/17 07:36:51 PM
#32059   Wedge Breakout setting up here...500K range is breakout georgie18 01/07/17 06:29:02 AM
#32058   What a bunch of absolute horseshit. Djponder 01/06/17 03:16:19 PM
#32057   Amazing what a million share bid will Yankeedave 01/06/17 02:52:12 PM
#32056   Where's my dinner? $4 PPS by1/1/17? Lmao.. HokieHead 01/06/17 12:28:31 AM
#32052   I would like to get that overpaid GNID pottsville 01/03/17 10:57:25 PM
#32051   The difference is SMME salary totals a little pottsville 12/31/16 11:08:25 PM
#32050   ENDERSON, NV--(Marketwired - Dec 22, 2015) - Rx Yankeedave 12/31/16 01:21:56 PM
#32049   7.75 to .016 That says it all. gadawg22 12/30/16 07:56:23 PM
#32048   Amazing , when all is said and done Djponder 12/30/16 11:26:47 AM
#32047   Exactly, it was all a promotion paying 300,000 Veronicafox 12/30/16 11:18:02 AM
#32046   Nor will proof ever be provided because it Djponder 12/30/16 10:48:26 AM
#32045   I saw claim after claim that EXCESSIVE naked Veronicafox 12/30/16 10:45:41 AM
#32044   GNID ... Failure grows in the Garden of Complacency. Yankeedave 12/30/16 10:31:02 AM
#32043   I saw the promotion, I didn't see the disclosure. waterchaser 12/29/16 09:40:13 PM
#32042   GAME OVER - GNID dnoto 12/29/16 09:38:59 PM
#32041   A $25,000 account value in GNID a year HokieHead 12/29/16 04:51:58 PM
#32040   I was just going to ask that. Has HokieHead 12/29/16 04:41:47 PM
#32039   Damage has already been done. They will gadawg22 12/29/16 04:40:44 PM
#32038   Did we ever learn who got the 300,000 waterchaser 12/29/16 04:39:44 PM
#32037   GNID CEO could learn from Chaya on how Yankeedave 12/29/16 04:37:03 PM
#32036   My response to that is so long I HokieHead 12/29/16 04:29:43 PM
#32035   The Fab Seven cannot understand why the valued gadawg22 12/29/16 04:26:03 PM
#32034   In quarter 3, $247,942 of the total $344,514, HokieHead 12/29/16 04:22:00 PM
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