Another plus IF and I say IF Joey/Phil prefer not to really have the average shareholder participate would be....
If there are a few big fish that raise the cash by participating, then those same big fish can decide WHEN to exercise the warrants. Provides so much more control of the future cash flows ! Just something to consider
* Would not surprise me in the least if John and Phil were the accumulators of 13M+ shares.
The MATH:
say Phil bought 6M + his already rec'd restricted shares
say John bought 7.3M
say Joey/Jill buy 14M tot.
say rest of us only add $375K in total because we just can't get off that fence
GRAND TOTAL = $2,013,000 raised (majority by 4 people)
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