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Alias Born 05/11/2017

Re: None

Sunday, 09/09/2018 8:38:13 AM

Sunday, September 09, 2018 8:38:13 AM

Post# of 108192
Ken did this raise as he saw that no monetary deals are coming within the next few months. The company needs cash to run NEO, start HOT, and wind down AXAL. Plain and simple. Although his bonus sheds really bad optics on the company, it was not the primary motivation to do a secondary. Negotiations may not be going as smoothly as we wish. That’s the reason for the secondary at this point. Had he waited, he’d be raising money at much lower prices.
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