![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, May 28, 2020 1:25:13 AM
Two considerations:
1. I and other accredited investors paid some fixed value thru a cash payment. Whether it was fair or not may be questionable but we were offered the deal by the company and took it. LP and pals paid NO ascertain able and fixed value. By any measure, IMHO, I do not feel commensurate with the extension value received. I was not cavalier with your investment money. Your statement is misplaced. The COMPANY may have been. Why should I and other accredited investors get a deal to extend warrants? Well, gee Kabu, why don't you ask management? The company is free to raise capital from whomever they want. They do not have to offer you the same deal. Just as long as they receive fair value, the deal they make with select financiers/investors is probably legal. Did they get fair value from me? Why don't you ask them? It ain't my fault that I am an accredited investor and you aren't so that you are not afforded such a deal. Well, my friend, boo hoo, that is life.
2. LP and other high roll investors, by the same token, can get even better deals than lower roll investors like me can get as long as at least a semblance of fair value is given in exchange. Boo hoo for me. It's just in this instance that, IMHO, no semblance of fair value was given and LP and friends got essentially a freebie.
To me that's cavalier. Did I ask management why? I asked the General Counsel himself. He asserted that you can value such a restriction but he failed to explain exactly how that value was arrived at. IThe value of the restriction is contingent upon certain events transpiring or not. We cannot know for sure whether these events will transpire. I would feel better if the extension of warrants were contingent upon certain events happening or not and spelled out. If not met, then the extension of the warrants would be vitiated at the end of the restricted period.
Why don't you call Les and complain rather than bleating about it on a MB? I did and maybe if more investors did, management and the rubber stamp BOD would think twice next time. Carry on.
Recent NWBO News
- Biophma Announces Exclusive In License for Dendritic Cell Technology, Sending Shares Higher • AllPennyStocks.com • 06/17/2024 04:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:11:16 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/03/2024 09:22:55 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/22/2024 08:13:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:04:57 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/02/2023 01:31:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:11:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) ZenaDrone Demonstration to Defense Departments of UAE and Saudi Arabia • InvestorsHub NewsWire • 11/15/2023 12:19:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:30:39 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM