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GeneSYS ID Inc. (GNID)

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Last Post: 3/27/2017 9:02:13 AM - Followers: 98 - Board type: Free - Posts Today: 2

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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GNID
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#31890  Sticky Note It should be clear now why the toxic Toxic Avenger 11/22/16 07:19:09 AM
#27657  Sticky Note GNID - Daily and Weekly Chart The_Free_Nebula 09/23/16 07:17:24 PM
#32192   Nice GNID-Chart georgie.Looking ready for another pop... Sibware 03/27/17 09:02:13 AM
#32191   GNID...0399...Chart...getting volume the past few days... georgie18 03/27/17 07:00:26 AM
#32190   GNID:Ready for another-pop soon???Ready to-add if it does... Sibware 03/26/17 08:02:09 PM
#32189   Somebody must has some shares to unload. gadawg22 03/26/17 06:10:32 PM
#32188   Fresh paint 7amo007 03/24/17 07:26:42 PM
#32187   GNID = Tragic Comedy. Expected to see a MarshallDave 03/24/17 04:15:51 PM
#32186   Only $17.3945 to go. No "mom & Pop" MarshallDave 03/24/17 12:40:21 PM
#32184   What a year or 2 does to a $hellKing 03/24/17 12:20:23 AM
#32182   With the recent VOLUME in GNID shares, appears MarshallDave 03/21/17 03:19:09 PM
#32181   GNID must have sold "A" safe. Volume MarshallDave 03/21/17 11:27:52 AM
#32180   Buy away. Increase the bid so that gadawg22 03/19/17 06:43:58 PM
#32179   GNID in great hands. No "Mom and Pop" MarshallDave 03/17/17 10:25:48 AM
#32178   Fixed the TYPO for GNID... MarshallDave 03/16/17 12:15:48 PM
#32177   Some fool loading on bid today. VedderMan 03/15/17 03:35:34 PM
#32176   Should there be some filings done by the gadawg22 03/14/17 12:03:12 PM
#32175   Scam company 7amo007 03/07/17 04:17:37 PM
#32174   GNID = COMPLETE FAILURE dnoto 03/04/17 08:48:33 AM
#32172   Wondering if I need to File Form 3 MarshallDave 03/01/17 01:59:01 PM
#32171   Don't worry. It seems that those promoting gadawg22 02/25/17 10:54:23 PM
#32170   Interesting how that nonsense comes back to bite Djponder 02/25/17 04:10:04 PM
#32169   Oh my, how could I forget that one, Veronicafox 02/25/17 12:21:44 PM
#32168   THE BIG UPLIST THAT NEVER HAPPENED Snug Harbour 02/25/17 12:08:01 PM
#32167   lol, exactly. There were so many false OTC Veronicafox 02/25/17 11:56:50 AM
#32166   Wasn't inventory on hand at 6 per last HokieHead 02/25/17 10:40:22 AM
#32165   GNID Safes selling FRENZY!!!! Out of Stock! MarshallDave 02/25/17 10:19:40 AM
#32164   THE BIG SQUEEZE THAT NEVER CAME Snug Harbour 02/25/17 10:10:14 AM
#32163   So you guys were telling everybody it would gadawg22 02/23/17 08:31:22 PM
#32162   gadawg22 02/23/17 08:30:10 PM
#32161   Kudos! That's what it takes, posting factual info Veronicafox 02/23/17 03:13:57 PM
#32160   Sucks getting taken. ;-);-) Toxic Avenger 02/23/17 03:01:14 PM
#32159   My first post on GNID. Toxic Avenger 02/23/17 02:59:16 PM
#32158   My pleasure, us factcheckers got to tell the Djponder 02/23/17 02:49:31 PM
#32157   Btw, DJ, thanks to you and others here Veronicafox 02/23/17 02:46:36 PM
#32155   That is correct VF. Thats all the otc Djponder 02/23/17 02:24:02 PM
#32154   The question was has it been learned who Veronicafox 02/23/17 02:22:01 PM
#32153   Screen shots of Capital gains straight from Etrade, HokieHead 02/23/17 02:20:44 PM
#32152   lol, that was one of GNID's more "creative" PRs. Veronicafox 02/23/17 02:20:29 PM
#32151   Gnid lofty pie in the sky claims are Djponder 02/23/17 02:18:02 PM
#32150   Like I said without verifiable documentation it's merely Veronicafox 02/23/17 02:15:37 PM
#32149   GNID the developer of patented autonomous fingerprint healthcare MarshallDave 02/23/17 02:14:52 PM
#32148   PM me your email and I will send HokieHead 02/23/17 02:10:51 PM
#32147   Sorry, I don't believe everything I read on Veronicafox 02/23/17 02:10:08 PM
#32146   I was the one who bought the 600,000 HokieHead 02/23/17 02:06:43 PM
#32145   Shorty was gonna burn in hell ! Djponder 02/23/17 02:02:14 PM
#32144   Appears General Counsel for GNID will be busy MarshallDave 02/23/17 01:57:39 PM
#32143   I'll pat the factcheckers on the back as Veronicafox 02/23/17 01:50:48 PM
#32142   Council hit ATM machine and threw $25 at HokieHead 02/23/17 11:16:40 AM
#32141   Wait, he's on the phone with the investment HokieHead 02/22/17 09:04:09 PM
#32139   Bottom of the ninth GNID, two outs CSO MarshallDave 02/22/17 08:31:43 PM
#32138   On the plus side, these OTC pump and Toxic Avenger 02/22/17 08:23:26 PM
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