Ok so my take is essentially a spruced up collateral loan which finance co provides working cap against stock price. This case like right at million even. Based on below it was valued in shares 2 drops one 555k and other 350k at .03 and .04. Those shares are not listed on open market as of today sorts lingering. Six months pass and JDF can at that now auth make two choices they can sell collateral shares and make 10 percent on principle and then those shares increase count/float. 10 million dollar company at 500 million shares now is 10 million dollar co with maybe 600 million shares. 1) instantly devalues shares 2) major black eye on validity co at large. Or the co can keep those shares and if memory serves are provided at 50% off. More shares bargain price or 10 percent on uour cash. Hence why I really hope jdf is legit on long interest of co!
The initial round of funding in the amount of $555,000 was completed on June 9, 2014. The second round of funding in the amount of $330,000 is due within 15 days of the effectiveness of a registration statement, which must be filed within 60 days from the closing date. Also included in the financing are two warrants with an exercise price of $0.04 and $0.05, expiring in 3 months and 5 months, respectively, after the registration statement becomes effective and which can each raise the Company an additional $350,000
