How much of the actual amount of the loan (ceiling up to $5M) that can be utilized is entirely governed by the share price and the amount of shares registered by the company in their S-1 statement for sale to the lender...
in the current language of the deal, 200M shares are to be registered--at these price points, that is useless i.e. 200M*.0007=$140K----not even counting the haircut to price the lender gets...
The Company has reserved 200 million _ Shares for issuance pursuant to the Financing Agreements
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