APT Systems Inc (APTY)

[ptcgolf]

There are areas of caution here...first they "may require" the purchase of "up to"(meaning it is not guaranteed), and second the registration(S-1) must become effective within 30 days in order for any purchase to take place.


Under this Agreement, we may require Triton to purchase up to 60,000,000 shares of our common stock at a fixed price of $0.01 per share. Under a related Registration Rights Agreement, we are required to file a Registration Statement on Form S-1 for the shares within 30 days of the date of the Agreement. Triton’s purchase of the shares under the agreement is subject to the effectiveness of the Registration Statement as well as other customary closing conditions.