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billymayshear

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billymayshear

Re: abone post# 16609

Tuesday, 10/21/2014 8:16:17 AM

Tuesday, October 21, 2014 8:16:17 AM

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No, normally they can be used for any general purposes. Since they don't have any money they will give vendors preferred or convertible shares at a discount. This is very dilutive but the only way they can stay in business. They will also give employees and directors options...again this produces share dilution. Even if the have a product that might work, going from concept to market acceptance takes years and a lot of money.
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