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Wednesday, December 06, 2017 7:36:01 AM
From 8-k, $5.182m in Commons Purchased >> Under the Rights Offering the Company’s current shareholders exercised rights to purchase 199,811,421 shares of stock for a total of $2.398 million. Under the Backstop Agreement, the Backstop Purchasers purchased 232,008,489 shares of stock for a total of $2.784 million. Combined, the Company realized total gross proceeds of approximately $5.182 million, reaching its expected goal.
Correct me if I'm wrong but because those shares were purchased directly from company at a discount or an agreed upon PPS , they full under Rule 144, restricting them for a minimum 6 months.
$ANFC
https://seekingalpha.com/filing/3707222
Correct me if I'm wrong but because those shares were purchased directly from company at a discount or an agreed upon PPS , they full under Rule 144, restricting them for a minimum 6 months.
$ANFC
https://seekingalpha.com/filing/3707222
Everything I say is in my opinion, do your own DD and make your decision wisely! Don't spend more then you can afford to lose!
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