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buenokite

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buenokite

Re: None

Thursday, 07/31/2014 9:27:10 AM

Thursday, July 31, 2014 9:27:10 AM

Post# of 312015
Anybody have any clue what this means?

On March 31, 2014, the Company entered into a second Purchase Agreement with Mr. Heddle, pursuant to which, on March 30, 2013, the Company sold to Mr. Heddle a second note (a $2 million principal amount Note), together with a Warrant to purchase up to two million shares of the Company’s common stock at an exercise price of $0.54 per share. The gross proceeds to the Company were $2 million.

Putting aside the awkward appearing dates for a moment that looks like the September 30, 2013 transaction in some ways. Is that what they are talking about?
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