One more month to some big news?
Greetings to all, I have been lurking here for a little while. I got in a bit late to the party but that seems to be to my advantage.
It looks like the May 5 loan, due June 30, and the March 17 shares issued with a bunch of 3-month warrants @ $1 and $0.26 both point to big news in the next month. We can certainly hope so!
"On March 17, 2017, the Company entered into definitive agreements with institutional investors for a registered direct offering with gross proceeds of $7.5 million. The Company issued 18.8 million shares of common stock at a purchase price of $0.26 per share, or pre-funded warrants in lieu of shares. Additionally, the investors received 5 year Class A warrants to purchase up to approximately 21.6 million shares of common stock with an exercise price of $0.26 per share, 3 month Class B warrants to purchase up to approximately 21.6 million shares of common stock with an exercise price of $1.00 per share, and 3 month Class C warrant to purchase up to approximately 10.0 million shares of common stock with an exercise price of $0.01 per share. The full exercise price of these Class C warrants will also be $0.26 per share, with $0.25 per share pre-funded at the time of closing and another $0.01 per share payable upon exercise of each Class C Warrant. Total warrants issued in March 2017 have value of approximately $6.2 million"