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Re: petermic post# 644

Monday, 04/15/2019 5:24:05 PM

Monday, April 15, 2019 5:24:05 PM

Post# of 755
During 2018, the Company sold 5,725,000 shares for $725,000. That would be $0.13/share.

As of 12/31/2018, there are 9,112,500 warrants outstanding, having an exercise price of $0.19.

As of 12/31/2018 there are 4,854,692 options outstanding, having an exercise price of $0.04.

And for those who think that's outdated:

On April 1, 2019 the Company entered into a consulting agreement for business advisory services. As part of this agreement the Company will pay the consultant $20,000 per month. Additionally, the Company will issue 500,000 warrants to purchase its common stock. These warrants will have an exercise price of $0.20 and a term of 7 years.


At today's share price, those warrants are worth $1,485,000.


During the first quarter of 2019, the Company issued warrants to purchase 1,533,000 shares of common stock of the Company at an exercise price of $0.10 per shares. The warrants may be exercised on a cashless basis and have a term of seven years. The warrants were issued for consulting services.


At today's share price those warrants are worth $4,400,000.

Good luck, longs. You're going to need it.

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