The lender needs to receive enough free trading shares to complete the $500,000 funding. The company is issuing shares to the lender, who uses the proceeds from the sale of said shares to capitalize the loan.....It is also highly dilutive of existing shareholders.
....that $500,000 at $0.23 would be 2.174 million shares per lender, times three lenders, that would be 6.52 million share to cover the three loans of 9-March-2016.....thus increasing the outstanding non-insider share from 31 million shares to 37.5 million shares, or an increase of 21% increased non-insider shares. A 21% increase is certainly dilutive, but doesn't seem to be highly dilutive as quoted above. And if the $1.5 million gained from the lenders is sufficient for NXGH to execute their business plan of acquiring support businesses, then it should be a win-win for all investors, IMO....Louinjaxxx
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