Ill ask you this, Based on this filing do you think Kodiak is an investor? Ask anyone here that has been around how many times they have seen Kodiak show up on their OTC ticker? Virtually all OTC stocks get money from Kodiak, Most OTC stocks are BS. All OTC stocks are made up of a CEO that wants us ( the shareholder ) to make his dreams come true with OUR MONEY!!!
In addition, on December 15, 2015, CannaSys and Kodiak entered into an Equity Purchase Agreement that provides the terms and conditions for Kodiak’s purchase of up to $1,000,000 of CannaSys common stock. Pursuant to the Equity Purchase Agreement, CannaSys also entered into a Registration Rights Agreement and Convertible Promissory Note due July 15, 2016, in the principal amount of $50,000 that represents the commitment fee paid to Kodiak under the Equity Purchase Agreement. The Convertible Note may be converted into restricted shares of CannaSys common stock at any time after May 15, 2016 at a conversion price equal to 50% of the lowest closing bid price for the common stock for the 30 trading dates ending on the trading day immediately before the relevant conversion date. Under the Registration Rights Agreement, CannaSys is required to file an S-1 registration statement within 30 days of the closing date to register the shares of common stock to be purchased by Kodiak under the Equity Purchase Agreement.
