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GeneSYS ID Inc. (GNID)

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Last Post: 2/23/2017 8:31:22 PM - Followers: 100 - Board type: Free - Posts Today: 0

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
#27657  Sticky Note GNID - Daily and Weekly Chart The_Free_Nebula 09/23/16 07:17:24 PM
#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 Yankeedave 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 Yankeedave 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 Yankeedave 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
#32137   Promote otc turd gnid for months and months Djponder 02/22/17 08:03:49 PM
#32136   You guys are simply the best (pat yourself HokieHead 02/22/17 05:44:52 PM
#32135   Thats what it takes - a cohesive group Djponder 02/22/17 04:48:32 PM
#32134   and glad you didn't fall for it. several Toxic Avenger 02/22/17 04:40:22 PM
#32133   Yep tons of pie in the sky bs Djponder 02/22/17 04:39:34 PM
#32132   Is this really a surprise? Djponder 02/22/17 04:30:35 PM
#32131   The BS fed to shareholders from Oct 2015 HokieHead 02/22/17 03:25:00 PM
#32130   Appears more and more that GNID was just Yankeedave 02/22/17 03:19:24 PM
#32129   Guessing $250 in sales this past quarter, once HokieHead 02/22/17 03:02:11 PM
#32128   Not sure who's wearing the pants in the Yankeedave 02/22/17 02:50:43 PM
#32127   Is the CSO the mom or the pop? VedderMan 02/22/17 02:35:57 PM
#32126   Council unloading 100,000 a day? See you in HokieHead 02/22/17 02:35:18 PM
#32125   Thats just silly excuse making NOTHING more. Djponder 02/21/17 10:03:56 AM
#32124   And the claim of a nonsensical 2M share Veronicafox 02/21/17 10:01:14 AM
#32123   Roflmao. Shorty now! Djponder 02/21/17 10:01:10 AM
#32122   No surprise here in the slightest. Djponder 02/21/17 09:55:57 AM
#32121   2 months in to 2017 and this turd HokieHead 02/21/17 09:50:51 AM
#32120   Starting to miss GNID CSO "Pompous Lectures"... Yankeedave 02/17/17 11:44:46 AM
#32119   Gene Turd ID.. HokieHead 02/17/17 11:36:31 AM
#32118   GNID Management "Wall of Shame" Yankeedave 02/17/17 11:16:49 AM
#32117   GNID: Turn out the lights, the party is over. dnoto 02/15/17 08:22:19 PM
#32116   lmao right back to zero, SHOCKER -Awaken- 02/15/17 05:18:04 PM
#32115   Here comes the 10 million shares imo, whoa HokieHead 02/10/17 02:07:39 PM
#32114   What will Mark and Lorraine do? No gadawg22 02/09/17 11:39:23 PM
#32113   you were all for their BS don't regret The_Free_Nebula 02/09/17 05:15:34 PM
#32112   The 10 million are now free to be HokieHead 02/09/17 05:11:59 PM
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