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Wednesday, March 01, 2017 11:25:04 AM
There is a Tranch from Chicago Ventures. They have only drawn on it one time for $250k. They have not converted any shares on this. The note matures on 8/22/18.
People think this is toxic financing and it can be but the company can pay this off at any time and they have the funds to do so any time.
They do not want to do it now because the penalties for early payoff is HUGE so they will wait till the mature date and pay them cash. Chicago Ventures WILL NOT GET ANY SHARES as the note WIll BE PAID OFF IN CASH WHEN IT MATURES.
My belief is Chicago Adventures thinks they might be getting shares if the company cant pay them off so it is my belief these guys may be shorting some to get a better price.
There has been no more tranches and they are not needed as the company is cash flow positive.
Chicago Adventure is in a SHORT SQUEEZE predicament and the shorting has been going on for months and months but they WILL NOT GET SHARES to cover.
Also Audited Fins are being completed. Say Goodbye to the Stinky Pinks.
So if people are telling you there is toxic financing here they are going to get a big surprise!
Feel free to repost this when this topic comes up.
We have a large group invested and we don't put our money into something unless we know what's going on. We can short squeeze any time but if they want to keep shorting we will be happy to keep taking in cheap shares and crush them even more when the time comes.
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