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umiak

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umiak

Re: None

Wednesday, 03/14/2018 3:18:12 PM

Wednesday, March 14, 2018 3:18:12 PM

Post# of 45833
Reading posts about the loan is a waste of time. Read the filing until it is clear. I may be wrong, but looks like there is no 144 rule.

https://www.sec.gov/Archives/edgar/data/1689066/000147793218000962/sigo_ex102.htm

Sec 3.1 and 3.2
In plain English, the lender gets shares anytime he wants after a company draw down and if the MC is below minimum allowed (which it is) the "tuneup" provision kicks in. See sec II

I don't think the company even understands it in full. It seems they really took a big gamble they could stay on top of this. I'm sorry.

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