That is not what it says at all. This says .013 price only if they actually raised all $16mil.
“As of March 31, 2019, our net tangible book value was estimated at approximately ($716,665), or approximately ($0.0005) per share. After giving effect to our sale of the maximum Offering amount of $16,250,000 in securities, assuming no other changes since March 31, 2019, our as-adjusted net tangible book value would be approximately $15,533,335, or $0.006 per share. At an Offering price of $0.013 per share, this represents an immediate dilution in net tangible book value of $0.007 per share to investors of this Offering, as illustrated in the following table”
If they could NOT raise $10mil and pretty much failed miserably and raised nothing, why would any fall for this fool of a CEO to raise $16 mil.?
“We were previously unsuccessful in raising sufficient funds from a $10,000,000 Regulation A Offering.
The SEC previously issued us a Notice of Qualification for a Regulation A Offering that we filed with the SEC in 2017. The proceeds from that Regulation A Offering were for the stated purpose of acquiring interests in entertainment properties, a restaurant, a beauty supply company, and a school business, all of which involved companies different from those specified in this Offering. We were unable to raise enough funds from that Offering to complete any such acquisitions. If we are similarly unsuccessful in raising sufficient funds from this Regulation A Offering to meet our objectives, you will lose your entire investment.”
