Sunday, May 13, 2018 2:27:37 PM
I gather from the article that the students are at "arms-length" from these proposed Equity Purchase Agreements.
I note also that no money has actually changed hands (yet?) for the EPAs with APTY, DGTW, or BVTK.
That's a good thing.
But I hope they realize the risk they are still taking.
No seasoned, accredited investor would enter any of these deals on any of the terms outlined.
They would simply be bad deals. The note holders of each of the companies have all gotten better deals with far less risk.
This is the world of OTC Pinks, where many games are played, often just skirting the law.
These proposed agreements have all the earmarks of "pumps", i.e., deals that are purported to be in the works so as to boost or support the share price, but with no intention of ever consummating them.
The risk would be to their reputations, even if the students never lose money.
As we all know, the Internet never forgets.
But failure is the best mentor, and some hard schooling appears to be in store.
I hope they realize the risk they are taking going forward into their business careers.
No seasoned investor would make this BVTK deal on these terms (25% discount to VWAP over a period).
Same for the other companies- onerous terms, NOT good deals.
If this is where their "mentors" are leading them, well it's just sad.
Convertible note "lenders" have gotten far better terms with far less risk.
Time to learn about real Due Diligence.
Read the 10Qs and 10Ks, the 8Ks with announcements that never come to fruition or are all fluff, "Strategic Alliances" or "Marketing Alliances" that cost nothing and mean nothing but sound like progress is being made, tweets by CEOs with exaggerated claims that never materialize, FB pages with cult followings... all huff and bluster for failing enterprises.
Take note when a PCAOB auditor's comment letter says (about BVTK):
https://backend.otcmarkets.com/otcapi/company/sec-filings/12728940/content/html
"These and other factors raise substantial doubt about the Company's ability to continue as a going concern"
These or similar comments are in all Triton Funds' announced "investments" SEC filings.
Certainly not places to start their business and investment careers, and certainly not with hundreds of thousands of dollars.
Especially not on the announced "company-friendly" terms.
And ultimately, if they turn out to be the pumps I suspect, bad for their business careers going forward.
They are either piss-poor investment deals, or typical OTC "pumps".
Hoping for the best for the students, but this is not a good place to start.
VAYK Confirms Insider Buying at Open Market • VAYK • Nov 5, 2024 10:40 AM
Rainmaker Worldwide Inc. Announces Strategic Partnership Between Miranda Water Technologies and Fleming College • RAKR • Nov 4, 2024 12:03 PM
North Bay Resources Announces Assays up to 9.5% Copper at Murex Copper Project, British Columbia • NBRI • Nov 4, 2024 9:00 AM
Rainmaker Worldwide Inc. to Assume Direct, Non-Dealer Sales of Miranda Water Technologies in U.S. and Mexico in First Quarter of 2025 • RAKR • Nov 4, 2024 8:31 AM
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM