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Re: frontloading post# 23551

Thursday, 10/24/2019 9:52:26 PM

Thursday, October 24, 2019 9:52:26 PM

Post# of 53172
Here's the kicker...

"We may not have access to the full amount available under the Investment Agreement.

We have not drawn down funds and have not issued shares of our Common Stock under the Investment Agreement with K&J. Our ability to draw down funds and sell shares under the Investment Agreement requires that the Registration Statement, of which this Prospectus is a part, be declared effective by the SEC, and that this Registration Statement continue to be effective. In addition, the Registration Statement of which this Prospectus is a part registers 138,461,538 Put Shares issuable under the Investment Agreement, and our ability to access the Investment Agreement to sell any remaining shares issuable under the Investment Agreement is subject to our ability to prepare and file one or more additional Registration Statements registering the resale of these shares. These subsequent Registration Statements may be subject to review and comment by the staff of the SEC and will require the consent of our independent registered public accounting firm. Therefore, the timing of effectiveness of these subsequent Registration Statements cannot be assured. The effectiveness of these subsequent Registration Statements is a condition precedent to our ability to sell the shares of Common Stock subject to these subsequent Registration Statements to K&J under the Investment Agreement. Even if we are successful in causing one or more Registration Statements registering the resale of some or all of the shares issuable under the Investment Agreement to be declared effective by the SEC in a timely manner, we will not be able to sell shares under the Investment Agreement unless certain other conditions are met. Accordingly, because our ability to draw down amounts under the Investment Agreement is subject to a number of conditions, there is no guarantee that we will be able to draw down any portion or all of the $20,000,000 available to us under the Investment Agreement."


Hence the $100k they won't ever see $20 million even doubt John Vu has that type of money.
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