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Tuesday, April 18, 2017 2:00:48 AM
1 - No. And just because they must dedicate 60% of the time doesn't mean they can't dedicate more. That is legal jargon to protect themselves....I'm new to investing as well but I've noticed a lot of these 10ks have applied these same protective measures in their filings.
2 - dilution is how companies grow. All companies dilute their shares to raise capital. I don't think there is a 10k that doesn't mention further dilution. Seeing as there is no date attached to "when" and also the use of "we may issue" makes this claim more legal jargon to protect future claims against the company.
3 - same as above. They are forced to add that footnote because they are prerevenue, same as all other prerevenue companies.
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