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Re: chereb19 post# 123302

Wednesday, 07/31/2019 6:39:29 PM

Wednesday, July 31, 2019 6:39:29 PM

Post# of 175546

Interesting that the 1-A was filed as Tier 2 vs Tier 1

Explanation of Tier 1 vs Tier 2
"Further, the
aggregate offering price and aggregate sales of securities in any 12-month period is strictly limited to $20 million for Tier 1 offerings and $50 million for Tier 2 offerings"


That's a good catch.

If they were planning on selling all 150 million shares at $.05 a share, that would put them easily into Tier 1 at $7,500,000. They would still be OK in Tier 1 up to $.1333 a share if they were to sell all 150 million shares.

Pehaps they're playing it safe in case the share price should rise a bit.
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