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Re: rocknroll350 post# 39173

Saturday, 01/28/2017 9:29:27 AM

Saturday, January 28, 2017 9:29:27 AM

Post# of 73898
I'm surprised nobody ask why they were there. I would be curious to the restriction they put on it and if they also had warrants. If they sold the shares at a slight discount and some warrants I would be interested. I would assume they would sell for .02 - .025 a share and be locked up for a year. I sent a email to the general mailbox on Tuesday and never received a reply.
I have always been a Lone Ranger with stuff like this so I have no idea the best method to split.
I seen it as a good thing they never responded to my email.
Got the impression they did not need the money.

They will have to file paperwork with the SEC if they ever report and then you can see exactly if it was a sweetheart deal to friends and family.
I also like to have free trading shares so I can be flexible.
Without the subscription agreement you have no idea what they did. With it you gain a better understanding of the value they put on the company. Not sure I would post the details on here for the whole world to see but it's a free world. You can almost expect the shares to hit the market when the restriction comes off.

The 3.5 million they discussed in financing would be a much bigger concern. That in the past is where a lot of pink sheet stocks have problems. Give them some room to operate but can become toxic real fast.

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