Fuse Science Inc (DROP)

[BeDub]

You do know they needed a $1 million loan to survive and that the CEO says they need another $20 million to "execute the plan."

Think it was at no interest?

This current action is the next step in a series of financial steps the Company is taking to provide for continued growth. Friday's investment of an additional $1MM in working capital consists of $550,000 funded on January 3, 2014. The $450,000 balance is expected to be funded in four (4) monthly installments of $100,000 and a final installment of $50,000.

Additional funding is still required to support the strategy and development of the Fuse business plan, both of which will require the authorization of additional shares to be issued. Upon shareholder approval, the Company will also execute a reverse stock split, to facilitate better structure around the market capitalization and stock price.

http://ih.advfn.com/p.php?pid=nmona&article=60567403