ORIONS Money Stocks

[onkelhubert]

$NETE while i agree with you that the downward momentum in shareprice is concerning, this is a nice comprehension of the recent financing lacking your repeated mentioned 53M share dilution.

"The financing for this deal, which has already occurred is structured as follows:

On April 30, 2015, NETE sold $5.5 million of 5,500 shares of newly-issued Series A convertible preferred stock with a 9% dividend (and a default rate of 18%) with accelerated principal and dividend payments payable monthly in cash and/or shares of common stock through October, 2015. It matures April 20, 2017. It is convertible into common at $1.74 per share adding 3.16 million shares to the fully diluted number. On May 13, 2015, certain holders of this preferred stock converted 92 preferred shares into 139,713 shares of common stock. The dividend it expects to be paid in common stock not cash and will add approximately 1 million shares per quarter to the outstanding.

On April 30, 2015, NETE also sold $5 million of 7% senior convertible notes convertible into common and warrants and mature on April 30, 2018. The notes are convertible at $1.624 per share. The warrants have a term of three years and an exercise price of $1.74 per share."

http://finance.yahoo.com/news/nete-post-q1-financing-acquire-171500109.html