InvestorsHub Logo
Followers 285
Posts 4128
Boards Moderated 1
Alias Born 11/11/2016

Re: Detached post# 15864

Sunday, 07/05/2020 1:28:36 PM

Sunday, July 05, 2020 1:28:36 PM

Post# of 31751
The PPP loan likely changed any dependence of the Reg A+ of completing the software development. They projected completion of the full SWARM platform mid-2020 before the offering was even qualified and when you look at the breakdown of how the funding would be used it says $100k towards the software at 5 million raised, $500k when 10 million raised, 1.5 mill at 15, and 3 mill at 20.

So even though they didn't raise capital through the Reg A+ yet, the PPP freed up $800k that would have otherwise been needed for payroll and operating cost, this could now be used for development. The PPP provided as much capital as 10-15 million of the Reg A would have towards software development.

This offering is being marketed both publically and privately. There may be a reason they 8k'ed the projected minimum revenue instead of a PR. If private funding is being lined up ahead of time, which is what I suspect, they could announce a substantial offering closing in conjunction with an LOI of an acquisition, supporting the distribution of the software. Money follows the money and this combined with the increase in commons and growth of the company would bring the smaller investors in to close out the offering.

Just some of my thinking.

The CEO did verify that investors in the Reg A+ do not need to disclose their position and that the only requirements are the limits of 10% of net worth. Other than that there is no limit or filing requirements for ownership.

CLWD!!
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AIAD News