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Re: beachhyena post# 150002

Tuesday, 12/19/2017 5:26:46 PM

Tuesday, December 19, 2017 5:26:46 PM

Post# of 702655

Hi Senti, your calculations are way off and total share count is now at 1 billion.



I realize this - as explained in my prior post. I was calculating off a share count of 5 million shares (not 5.5m) AND going off common shares - not preferred. I knew the deal was for preferreds, but was just calculating too quickly and missed that rather large detail.

As stated... this deal looks to be for longs that want to do it. The PR indicates that they have been contacted by shareholders who wanted their opportunity to get both shares and warrants and were unaware or unable to take part in the previous $12 million deal. I believe those deals were for much higher dollar amounts that these are.

This Offering responds to repeated shareholder requests for an opportunity to participate in the Company’s financings on similar terms as the institutional investors and others in those financings. The Company has again been receiving such requests following the recent Series A Preferred Stock financing. The new offering is expected to involve both existing and new investors, targeting those who did not have the opportunity to participate in earlier rounds, with emphasis on long-term holders.



Again... this deal looks to be targeted towards longs who want and can do it. The PR indicates there are shareholders calling indicating they too want such a deal. So now no shareholder can say they weren't offered a similar opportunity.
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