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jeremyblack

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jeremyblack

Re: lesgetrich post# 31177

Sunday, 08/20/2017 6:50:05 PM

Sunday, August 20, 2017 6:50:05 PM

Post# of 52915
Now this is well said - apparently the investor didn't commit a fixed $$$ amount but rather a firm commitment to purchase 37.5m shares (plus another 37.5m warrants), the company would be best to wait until the stock reaches .60. Baby steps, lets see what the S1 looks like and further evaluate based on stock price at that point.

BTW, I have seen similar deals in the cannabis space where a structured deal gave the investor downside protection but left it open to company to utilize the accretive nature of the deal - MJTK MSRT OWCP.
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