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Wednesday, December 09, 2015 12:34:22 PM
READ:
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The Registrant may deliver each Draw Down Notice at least one day after the end of the Valuation Period for a preceding Draw Down. The first Draw Down may be delivered ten trading days after the Registration Statement becomes effective.
The maximum Draw Down Amount will be equal to the lesser of $1,000,000, or 200% of the average daily trading volume of the Registrant's common stock for the ten trading days immediately prior to the date of the Draw Down Notice, though the Registrant may request an increase in the maximum Draw Down amount. At no time during the Term will Blackbridge hold more than 4.99% of the Registrant's issued and outstanding common stock.
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The S-1 has yet to even be filed for this, so the first opportunity for Blackbridge to dip it's hands in this is 10 trading days after the registration statement is filed. Then we'll see HUGE HUGE HUGE volume for multiple days (they can only purchase up to $1 million per day, and that is when the company demands...). So we'll see huge influxes of volume for many many days, for a long long time until the $50M capital is fulfilled.
Patience folks!!! This is HUGE, and it will come to fruition over time, not from an instant gratification standpoint from day 1. This is really day 0 IMO. There is MUCH MUCH more to come!!!
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