InvestorsHub Logo
Followers 23
Posts 2682
Boards Moderated 0
Alias Born 08/25/2010

Re: SmooveWorld post# 34186

Monday, 05/26/2014 5:13:21 PM

Monday, May 26, 2014 5:13:21 PM

Post# of 96371
Umm ya... "A private placement memorandum has been signed which could bring up to $2,000,000 to the company over the next 6 months. The stock purchased through the private placement will be restricted preferred stock with a minimum 12 month holding period."


Memo? Not a secure word to use,
Could? So maybe not $2m, maybe 0?
Stock purchased? Sounds like cheap shares being sold so
Dilution?