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GeneSYS ID Inc. (GNID)

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Last Post: 12/2/2016 4:47:05 PM - Followers: 111 - Board type: Free - Posts Today: 12

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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#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
#31961   Could use some "MINUTIA" from the GNID DYNAMIC Yankeedave 12/02/16 04:47:05 PM
#31960   It should not be, even though they have gadawg22 12/02/16 03:14:41 PM
#31959   The Wellington deal is still being heavily promoted, waterchaser 12/02/16 03:12:21 PM
#31958   I think if you read the last filing, gadawg22 12/02/16 03:10:59 PM
#31957   Nope! Selling Won't be finished until .0001 ;-) PennyPicksPro 12/02/16 03:02:04 PM
#31956   I thought December 1st was some sort of waterchaser 12/02/16 01:58:32 PM
#31955   If I had to point to ONE thing Yankeedave 12/02/16 01:56:50 PM
#31954   Nope TradeALLday 12/02/16 01:54:46 PM
#31953   Wasn't there something special that was supposed to waterchaser 12/02/16 01:53:48 PM
#31952   No more toxics for the exhausted (valued) shareholder gadawg22 12/02/16 01:48:27 PM
#31951   Appears the GNID "BUYING" is Finished... GNID back Yankeedave 12/02/16 12:23:27 PM
#31950   GNID..Selling finished? Bruce the Stock Guy 12/02/16 12:03:53 PM
#31949   I believe the undisclosed paid promotion continues on GNID. waterchaser 12/01/16 05:40:05 PM
#31947   Agreed... Former GNID Chief Strategy Officer is Top Dawg. Yankeedave 12/01/16 04:14:47 PM
#31946   Yep , Typical otc sleaze. dj_ponder 12/01/16 03:07:01 PM
#31945   Absolutely - GNID appeared to be a typical Veronicafox 12/01/16 03:05:50 PM
#31944   No, there was definitely plenty of "HELP". dj_ponder 12/01/16 03:02:27 PM
#31943   While the majority of the responsibility is hers, Veronicafox 12/01/16 02:54:33 PM
#31942   GNID Shareholder Letter, but "the CEO has done Yankeedave 12/01/16 02:47:55 PM
#31941   That was often claimed, right along with Massive Veronicafox 12/01/16 02:43:20 PM
#31940   GNID downgraded to OTC Pink status. I thought HokieHead 12/01/16 02:32:40 PM
#31939   Who's Pointing at GNID 11/30/2016. Yankeedave 11/30/16 12:01:03 PM
#31938   If GNID legit company, CEO mismanaged expectations. If Yankeedave 11/29/16 08:28:27 AM
#31936   I like the hire of Iler. Very gadawg22 11/28/16 01:10:27 AM
#31935   Could use some "MINUTIA" from the GNID DYNAMIC DUO! Yankeedave 11/27/16 09:55:25 PM
#31934   Can't believe GNID TEAM will lose all CREDIBILTY, Yankeedave 11/27/16 09:46:37 PM
#31933   Nope just your classic OTC pump and dump! ;-) PennyPicksPro 11/27/16 09:22:01 PM
#31932   Yep scam, like I said all along. Tough PennyPicksPro 11/27/16 09:21:10 PM
#31931   Something up here. GNID management toying with shareholders Yankeedave 11/26/16 11:05:40 PM
#31930   What a POS! When's the next RS? Or Skiluc 11/26/16 09:55:54 PM
#31929   Unfortunately GNID looks like a classic OTC PnD waterchaser 11/25/16 07:48:45 PM
#31928   They gave 300,000 shares to someone to "promote" HokieHead 11/25/16 07:47:08 PM
#31927   I would add to your comment to the CEO... waterchaser 11/25/16 05:47:58 PM
#31926   That as well as the fact that they Shazbat 11/25/16 05:32:11 PM
#31924   Management will blame the board for pps failure KING T 11/23/16 04:04:36 PM
#31923   If elected.... to the GNID Board of Directors, Yankeedave 11/23/16 03:58:52 PM
#31922   GNID filings below as Reference..."for the MINUTIA" Yankeedave 11/23/16 03:45:19 PM
#31920   In "Fairness" to the other point of view...GNID Yankeedave 11/23/16 03:35:35 PM
#31919   Now GNID decides to pay themselves differently than Yankeedave 11/23/16 03:01:03 PM
#31918   They say they gonna take loans to pay KING T 11/23/16 02:30:50 PM
#31917   GNID CEO and Management team "have skills", they Yankeedave 11/23/16 02:30:47 PM
#31916   They do have a lot of shares to gadawg22 11/23/16 10:44:11 AM
#31915   GNID PPS going up. LOL GNID Management playing Yankeedave 11/23/16 10:14:17 AM
#31914   Can I hear an AMEN from the back gadawg22 11/23/16 10:01:41 AM
#31913   GNID CEO and Management Really placed the BAR Yankeedave 11/23/16 09:41:18 AM
#31912   Who do you suppose GNID gave the shares Peggy 11/22/16 05:50:25 PM
#31911   Impromptu Valued "Unofficial" GNID Shareholders meeting at Franks Yankeedave 11/22/16 04:58:57 PM
#31910   Will the valued shareholders get to go to gadawg22 11/22/16 03:32:03 PM
#31909   I'm sure that's the companies GC buying, wants HokieHead 11/22/16 03:26:15 PM
#31908   Lol KING T 11/22/16 03:06:41 PM
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