Friday, July 06, 2018 7:11:06 PM
I have no idea why that is so difficult to understand - DGF doesn't have to fund the entire $5 Million - if they do they recieve 47,500,000 million shares.
You posted:
Newbridge doesn't have to pay anything as it is a cashless exercise - they just received the money.
I didn't include the 4% in the $11+ Million for the $5 million toxic loan.
You really lack a understanding of warrants - I suggest you read the Equity Purchase Agreement.
You didn't include the entire 47,500,000 shares in your calculations - you only used the warrants for some reason which is meaningless when you are calculating the cost of the $5 million toxic loan.
Just for your edification the 4% of the gross proceeds from the warrants - hold on here we go: Let's use your $0.20 number - (12,500,000 x 0.2) x 4% = $100,000!
Newbridge receives a unheard of finders fee of 2,500,00 x $0.20 = $500,000 Plus $375,000 Plus $100,000 ....
For a grand total of $975,000
That is 19.5% of the $5 million loan.
IG
"Straight Facts Homey!"
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