Wednesday, December 20, 2017 11:01:11 PM
"As partial consideration for, and as a condition to, the license, and to further align the strategic interests of the parties, the Company agreed to issue $1.0 million in shares of its common stock to SMI, in five installments through October 2017, at a price per share equal to the lesser of the average closing price for the five days prior to issuance and $1.25. These shares have not been issued as of September 30, 2017."
If I remember correctly, VNDM started driving the price down well before September 30. I believe it started in August. I'll reference an old SPM555 post, I hope he doesn't mind. He's been very knowledgeable about this stock.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135729178&txt2find=VNDM
According to the agreement between GTHP and SMI, SMI should have gotten their last shares 30 days after their last payment. Their last payment was supposed to have happened on October 30, 2017; meaning they should have received the last of their shares at the end of November of this year.
http://irdirect.net/filings/viewer/index/924515/000112178117000006/1
Section 1, Subsection B shows the payment schedule between SMI and GTHP.
Section 1, Subsection C states that for each payment, SMI is supposed to get GTHP shares, and about transferring the shares to SMI.
Now I have no idea why SMI hadn't received any shares prior to September 30th, but I find it unlikely that VNDM would start driving the price down 4 months before SMI had any shares to cash in on, if they were in cahoots (That's a fun word). It would seem like VNDM is converting shares for someone else, and has been for a while.
Though I could be wrong. I'm no expert.
Just for the record, I do hold about 680k shares of GTHP. GLTA
Recent GTHP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 06:36:25 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/20/2024 06:42:41 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 06:48:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 04:24:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 08:28:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/20/2023 09:49:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2023 04:44:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/07/2023 07:53:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 07:00:31 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM