Thursday, May 25, 2017 4:00:18 PM
They diluted the stock to pay for
A)the EV network. $670k
B)the legal team. Over $700k
I was addressing the reason for the raise in AS from 100mm to 300mm
And the reason for dilution.
And a result of the dilution the JNSH and it's shareholders got the EV network and the assets. And we got a legal team to defend us and win us some money back.
People need to remember that CCGI owed JNS power $400k in invoices from unpaid install work.
Brian was either going to lose $400k or he thought of taking over the project and buying out the deal. So that is where the $670k comes in.
Then once he won the network from the state. CCGI sued to get it back.
That is where the other dilution comes in and he has now paid over $700k to his legal team.
And in theory if he is granted the $400k+$670k+$700=$1.8mm
We will recoup all the dilution plus his $400k he was originally owed. And the whole EV network will be free assets.
$JNSH strong like a bull
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