DigitalTown, Inc. (DGTW)

[TenKay]

“We believe they are holders banking on upside as the company executes their model“

They are not “banking on the upside”. They will be selling the stock within FIVE DAYS of issuance and then back calculating the cost based on 75% of the lowest VWAP over those SAME five days.

This is a penny stock financing deal. They won’t hold longer than the five days because they take pricing risk on the stock once the particular placement closes.

That is why they want the registration statement to be effective
That is why they want the stock to be DWAC eligible
That is why they want the stock to be above 0.01
...and that is why they are waiting 5 days to “close” post placement...