InvestorsHub Logo
Followers 144
Posts 22199
Boards Moderated 1
Alias Born 10/07/2007

Re: None

Thursday, 04/09/2020 5:52:35 PM

Thursday, April 09, 2020 5:52:35 PM

Post# of 11958
Doesn’t sound like funding is expected:


We have been funding our operations utilizing proceeds from convertible notes and expect to do so until we begin to generate significant revenues from our business operations. As a result of funding the development of our business operations and the costs of our operations by the issuance of shares of our Common Stock and the requirement of reserving shares underlying convertible notes while the price of our Common Stock has been declining as more conversions occur, we no longer have a sufficient number of authorized but unissued and unreserved shares of Common Stock for near term corporate purposes. See the discussion under “Purpose and Effect of Increasing the Number of Authorized Shares” below.

Join the InvestorsHub Community

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.