Medizone Intl. (fka MZEIQ)

[Whatisvalue]

Yep


From the S-1

Likelihood of Accessing the Full Amount of the Equity Line

"Notwithstanding that the Equity Line is in an amount of $10,000,000, we anticipate that the actual likelihood that we will be able access the full amount of the Equity Line is low due to several factors, including that our ability to access the Equity Line is affected by the average daily trading volume of our stock, which may limit the maximum dollar amount of each Put Notice we deliver, and our stock price. Our use of the Equity Line will continue to be limited and restricted if our share trading volume or the market price of our stock continue at their current levels or decrease further in the future from the volume and stock prices reported over the past year. Further, if the price of our stock remains at $0.0392 per share (which represents the average of the high and low reported sales prices of our Common Stock on February 8, 2018), the sale by the selling stockholders of all 14,059,041 of the shares offered under this prospectus would mean we would receive only $468,447 from our sale of shares under the Equity Line. Our ability to issue shares in excess of the 14,059,041 shares covered by the registration statement of which this prospectus is a part will be subject to our filing a subsequent registration statement with the SEC and the SEC declaring it effective.

At current market prices, it will be necessary for us to increase the number of our authorized shares of Common Stock in order to issue shares under the Equity Line in the future, if we want to raise the full available amount of $10,000,000. Increasing the number of our authorized shares will require further board and stockholder approval. We intend to seek stockholder approval to increase our authorized capital, but there is no assurance we will obtain the approval necessary. Accordingly, because our ability to deliver Put Notices under the Purchase Agreement is subject to a number of conditions, there is no guarantee that we will receive all or any portion of the $10,000,000 that is otherwise contractually available to us under the Equity Line."

They'll be back, spending more $ at DJP.