Thursday, June 21, 2018 9:30:28 AM
Pure fraud. There are provisions that will keep it at a tiny fraction of that. Might as well say there is potential to draw up to a trillion dollars of funding... IF the stock price rose high enough.
As with every other dilution they have done, they can only receive enough cash to pay salaries and rent for a short while until the next dilution. This time they are starting in a hole and can't possibly draw enough to pay accounts payable and other obligations. Bankruptcy is DEFINITELY in their future.
Recent BFYW News
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 09/23/2024 08:50:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/16/2024 06:35:13 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/10/2024 10:25:42 AM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 05/29/2024 08:04:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 09:10:27 PM
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