Wednesday, October 12, 2016 11:17:47 AM
Straight out of the old Florida Penny Stock / Honig / Brauser / Frost playbook!!
First, you lay the groundwork: "On April 27, 2016, the Company issued 1,150,000 shares of restricted common stock outside of the 2015 Equity Plan to five management employees pursuant to stock award agreements. The shares will vest upon consummation of a significant equity and/or debt financing at least equal to the November 2015 financing which raised $3,725,000 provided that the holder remains engaged by the Company through the vesting date."
Part of your crew scares up some cash (with attractive terms for their graciousness): "On September 29, 2016, Drone Aviation Holding Corp. (the “ Company”) issued Convertible Promissory Notes Series 2016 due October 1,
2017 (each, a “Note” and collectively, the “Notes”) in the aggregate principal amount of $3,000,000 in a private placement (the “Offering”)
in which Jay H. Nussbaum, Chairman and Chief Executive Officer of the Company, and Frost Gamma Investments Trust (the “Frost
Trust”), an affiliate of Dr. Phillip Frost, Chairman of the Company’s Strategic Advisory Board, were subscribers."
But that's not $3.7 million you say....http://ir.droneaviationcorp.com/all-sec-filings#document-13256-0001178727-16-000002
BAM! BAM! BAM!!
Interest plus free shares. Good work if you can find it!!
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