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Re: Stock_Barber post# 117949

Friday, 10/28/2016 7:27:05 PM

Friday, October 28, 2016 7:27:05 PM

Post# of 141769
Don't twist it. JMJ Financial has the option of providing up to an additional $1 Million to CarCharging for a POTENTIAL total raise of $3.5 Million.
The Purchase Agreement consisted of a convertible note with a conversion price of $0.70 plus warrant coverage and the issuance of origination shares of common stock at the maturity date of the note. $500,000 of the funds were disbursed at closing, with the remainder of the funds to be disbursed based upon successful achievement of certain company milestones.

$500,000 with the opportunity of $3.5 million if they meet the milestones.