InvestorsHub Logo
Followers 0
Posts 60
Boards Moderated 0
Alias Born 07/05/2018

Re: mckinley1 post# 17940

Sunday, 10/21/2018 1:34:27 PM

Sunday, October 21, 2018 1:34:27 PM

Post# of 27486
Not sure what Dilution you are talking about

From their July Update:

Preferred Share Financing

In regard to funding of operations, new IT staff, and future acquisitions, the Company has elected to use its Preferred Shares to finance operations as this will be more supportive to our common shareholders.

The Preferred shares will be marketed to ‘accredited’ individuals only, as the company is determined to avoid financing from any toxic sources to fund operations. Investors in Preferred shares will have a lock-up period of twelve months, under rule 144, and this will remove any immediate undo pressure to our common share structure, while also proving us the funds needed to execute our projects under development.

In addition, any future acquisitions would be executed mainly through the use of our Preferred shares, as this would allow us to purchase real revenue producing assets, while offsetting any immediate dilution to our common shareholders.