Metrospaces Inc (MSPC)

[davemc]

From IHub post #12219


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Metrospaces Reaches Preliminary Agreement for Crowdfunded Mini-IPO for Etelix

Marketwired MarketwiredNovember 9, 2017
NEW YORK, NY--(Marketwired - Nov 9, 2017) - Metrospaces, Inc. ( OTC PINK : MSPC ) announces approval of preliminary agreement for Crowd funded Reg A Mini-IPO for majority held Etelix.
Mr. Oscar Brito, Company CFO, stated: "We have reached a preliminary agreement with Minivest (www.minivest.com) to do a Reg A mini-IPO for Etelix. We are very pleased with the revenue growth Etelix has continued to show through 2017 of approximately 100% over 2016. Although some steps still needed to be had, including regulatory hurdles, this funding would give Etelix enough financing for the construction of its first data center and potentially fuel growth higher than the current 100% YOY growth. Although the process is still preliminary, the goal is raise $2M in this IPO. This sort of financing will be very positive for Etelix and MSPC since it would be a straight common stock offering with a floor price and no price reset mechanism, thus giving Etelix sure footing on its financing.