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Not much. NWG did a round of financing

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Det_Robert_Thorne   Friday, 08/11/17 09:11:29 PM
Re: ilovethedough post# 185770
Post # of 197366 
Not much. NWG did a round of financing

In June, 2015, New West filed for a $600K offering with a minimum investment of $100K. At the time of the filing, $200K had been invested, leaving $400K to be filled:

https://www.sec.gov/Archives/edgar/data/1644254/000164425415000001/xslFormDX01/primary_doc.xml

While it's possible that the terms may have changed, it's probably safe to assume that DEWM is in for at least $100K.

The lack of a follow-on offering could mean one of two things:

1) The entire $600K was never filled
2) New West is generating enough revenue to not need another one right now

It would be nice if Moran would have told DEWM shareholders the financial benefit for the company, rather than sing the praises of New West for 70% of the PR.


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DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name

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