SNM Global Holdings (SNMN)

[User-65225]

I am having a hard tme finding info on the Donut deal. Just some PRs about the opening... Where is the substance?! What did investors pay? What do they get, etc? What do the past revenue figures look like? Nothing worth bragging about?! Positive details are ALWAYS spelled out in PRs, theres nothing?

BTW, it looks like a chunk of stock will soon be paid out for past debts as well... This could be a conversion in the trips. Pretty sweet deal, for them...

NOTES PAYABLE
Note 5.
During 2016 and 2017, the company sold $405,000 of agreements for future equity. Under the
terms of these agreements, if there is equity financing before the determination of the agreement,
the company will automatically issue to the investor common stock. The number of shares of
common stock issued shall be equal to the purchase amount divided by the discount price. For
every two shares of stock issued the investor shall receive a warrant with an exercise price equal to
the discount price. If there is a liquidity event prior to the termination of the agreement, the investor
at his option will receive the purchase amount, or automatically receive the number of shares of
stock equal to the purchase price divided by the discount price. The investors' shares are locked up
for three month after a public offering and then may be sold subject to the volume limitations of
Rule 144.