Wednesday, August 24, 2016 2:34:57 PM
Also, keeping the tranches less than 5% of the O/S keeps the funder from monthly statements to the SEC. I saw another mj stock do this and as soon as each tranche was bought, they sold the shares and repeated each and every month. It worked so well, they continued doing this toxic funding where the O/S kept going up so much the company did several A/S raises...from 1B at the start to 20B within a couple of years.
Slimmy deal and bad for shareholders.
Source: Rapid Fire Marketing Co.
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