Oasis Capital, the Accredited Institutional Investor, previously committed up to $12 Million in an Equity Line, out of which, $1.4 Million dollars was registered in an S-1 Filing.
Today they exchanged 284,125 of the 311,250 of the Preferred D-1s into 346,425 of Preferred D-2 Stock AND committed to purchase additional D-2 Stock in for up to $500,000 consideration
This in my view goes to show that, very likely, Institutional Money is headed our way pursuant to the S-1 Registration of up to $12 Million purchase of RETC Stock.
This means that in my view, this $500K+ and Additional moneys could be used to:
1) Buyback Shares - Reduce OS and Increase EPS - Because currently company is Cash Flow Positive and Most likely Profitable
2) Provide Seed Capital to finalize previous Major Acquisitions that require con-commitant capital pre-requisites. Such as:
Acquisition of J Peterman which needs Up To a $3 million investment capital prior closing & yields company new + $20 Million in Revenue.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.