Keep your eyes on the HPTG prize!
If you look at chronology of fund raising events (3) VERY RECENT its obvious they have something huge in the pipeline IMO. This should be in to 10Q and it should tell us what this money is for? THE OTHER 2 FUNDING EVENTS ARE OUTSIDE THE 10Q timeline?
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2015
Item 1.01
Entry into a Material Definitive Agreement.
Hydrophi Technologies Group, Inc. (the “ Company ” ) entered into three securities purchase agreements (the “ Purchase Agreements ”) with two separate accredited investors (the “ Investors ”), on August 14, 2015, August 18, 2015 (collectively, the “ August Purchase Agreements ”), and September 30, 2015 (the “ September Purchase Agreement ”, together with the August Purchase Agreements, the “ Purchase Agreements ”). Pursuant to the August Purchase Agreements, the Investors each purchased separately from the Company convertible notes in the aggregate principle amount of $205,555.56 (the “ August Notes” ), for the cash purchase amount of $185,000.00. Pursuant to the September Purchase Agreement, one of the Investors purchased an additional convertible note from the Company in the aggregate principle amount of $28,888.89 (the “ September Note ”, together with the August Notes, the “ Notes ”), for a cash purchase amount of $26,000. The Notes will mature, one year after their making, in August 2016 and September 2016, respectively, and each bears interest at 8% per annum.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 15, 2015
Item 1.01
Entry into a Material Definitive Agreement.
Hydrophi Technologies Group, Inc. (the “ Company ” ) entered into a securities purchase agreement (the “ Purchase Agreement ”) with three separate accredited investors (the “ Investors ”) on October 15, 2015 (the “ Purchase Agreement ”). Pursuant to the Purchase Agreement, the Investors each purchased separately from the Company convertible notes in the aggregate principle amount of $72,222.22 (the “ Notes” ), for the cash purchase amount of $65,000.00. The Notes will mature, one year after their making, in October 2016 and each bears interest at 8% per annum. Further pursuant to the Purchase Agreement, the Company and the Investors agree that in the future, the Investors may, but shall have no obligation to, purchase from the Company, in their sole and absolute discretion, additional Notes in the aggregate principal amount of up to $155,555.56 for a purchase price of up to $140,000, in such amounts and on such dates as the Company and the Investors may agree.
IMO they did not raise as much money as needed with the Private Equity Rounds and the 2 Insiders step up with the additional funds of $950,442
Lots of money raised for what? And now HPTG is off this coming week See Thru Equity with 10Q coming out & huge Investor Exposure at See Thru to raise more money for WHAT? IMO all this sequence of events leads to Huge Gigantic News!
AI
