InvestorsHub Logo
Followers 168
Posts 21346
Boards Moderated 0
Alias Born 09/11/2006

Re: ltktrex post# 1357

Thursday, 05/31/2018 8:47:22 AM

Thursday, May 31, 2018 8:47:22 AM

Post# of 9482
The way I'm reading it they can fund up to $4m at any time over the next 24 months starting April 11, 2018, and this gives them the right to sell up to 11 million of the shares that come from the fundings 'from time to time'.

So, it depends on how much they fund and when. In theory they already could have funded an amount that exceeds 11 million - say $550,000 at .05 - and all of those shares could now be sold. That would leave $3.45 million that is left to fund over the next 2 years - but none of the shares from those can be sold until they are registered.

Someone please correct me if wrong.

My philosophy is to just be honest and balanced, and let the market decide if it agrees or not.