"Under terms of the financing agreement, the Company received $30,000 USD upon signing with the balance of $180,000 being deferred until after March 11, 2018. The financing structure consists of one $30,000 convertible debenture with 6 distinct $30,000 "Back End" convertible debentures which are eligible to be funded at any time between March 11, 2018 -- September 11, 2018. A detailed disclosure of the material terms of this financing agreement will be provided to shareholders on Form 8-K to be filed by the Company within the next few business days."
Guess we are going to have to wait for the 8-k to be disclosed, before we know how bad shareholders got diluted on this deal. With the pps so low, I have a feeling it is going to be significant. Using September 11, in any company filings or deals is bad juju , in my opinion .... at least that's what my magic 8 ball keeps telling me.
