Small Company Offering and Sale of Securities Without Registration (d)
Total Offering Amount $ 10,619,500
Just rounding the numbers to simplify.. a few assumptions..
Raising 10 million dollars @ / .20 =
would mean fifty million new shares
Is this share offering for funding the planned acquisition of a 5g Cable company- if not that would be even more dilution given that deal is supposed to be funded by stock.. If this is the money raise for that deal then possibly the announcement was a little premature to present to the market.
Oddly it appears ATTIS may have listed on its balance sheet
Greenshift licensing 80% as 18 million valuation
Greenshift debenture 10 million
So in otherwords a Nasdaq listed company is taking over what appears to be a unsuccessful OTC Company that hasn't filed for almost 2 years and are expecting them to fund this JV.
IT appears they taken Greenshift and turned it into a approx. 28 million in assets to the balance sheet to help meet Nasdaq equity requirements? Idk looks a little odd to me
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