EXTREMELY IMPRESSIVE, INSPIRING, ENCOURAGING & CONFIDENTLY SUPPORTING ON THE NEW CONVERTIBLE NOTE ISSUE.
New issue convertible note most likely is always a bad news. However, in this case, I view it to be extremely impressive, inspiring, encouraging and confidently supporting from the insider and the institution devoted commitment to OTTV accomplishment of their success.
Note issues dilution is our biggest fear and most likely we don't like to talk or debate. Folks! let us take a good look at the new notes and the existing convertible note issues. Let's layout on the table so everyone can make a good judgment based on their choices.
The total of the new and the existing notes issues $ 1,085,100 with a total balance at the end of July 31, 2017 is $750,384
The remaining $750,348 mostly belong to the institution as a passive capital partner; Combining that amount with the loan from the insider is used for working capital.
This very rarely happens in my book.
Below is the list of holders...
Robert Rico $25,000
Hector Cruz $10,000
John Sepulveda $10,000
J. Soleil $102,070
Mercedes Benitez $30,000
Integrated Ventures (ESM) $50,000
Individual, Group, institution as passive capital partner.
Collision Capital, LLC $30,000
Green tree $50,000
George Harrison $5000
Chonillo Law Group $50,000
Biz Development $32,000
Collision Capital $40,000
Howard Schraub $65,000
As you see, this is more likely a fundraising from the insiders and other JF connection commitment to help support money for the company to use for working capital "hard launch".
Let's make it clear. This is not a toxic lender. They lend out CASH with 8% - 10% only Green tree got 15% that is because in the early stage we signed 3 million dollars agreement with the Brewer group and Green tree. We don't know if they keep the shares as an investment or sell them on the open market. That is their choice.
What we do know is they are here with the intention to help the company. They are definitely in favor for the company & not intend for a massive dump like other toxic lenders.
Make no mistake: The entire management still not collecting money earned for their hard work. On top of that, they keep contributing their own money that shows me their integrity long-term commitment; that inspired me to feel the confidence of OTTV success.