well if 14 million
took this from .08-.013 what is 20 million going to do?
This company may know how to sell but it's not looking like they
understand financing.
Its not about the potential o/s count. Its about lenders taking this under .01 and getting 45-50% off the pps, driving down the
price and then escalating the float.
I would say for all the rhetoric on FB, the company is disappointing me here with this and the fact the are not actively trying to prop the pps up.
"The Company has raised approximately $521,000 in 2014 promissory notes through August 14, 2014, that are convertible into common stock at a discount of an average of approximately 50% or more. These notes depend on the willingness of investors in the public markets to buy stock both now and in the future. Those investors ultimately look to the success of our products in the market place, including our new product (see Notes 2 and 6). We remain optimistic that we can and will develop a successful and profitable market for our product, and although initial distribution and test data are promising, we believe it is premature to offer an assessment as to how well we will perform in future periods."
TS
