This $10 Million investment in FTRS is very promising and encouraging:
Futuris Company Announces Signing of Head of Terms for Exclusive Equity Investment Agreement of $10 Million
2020-08-24 08:00 ET - News Release
Proposed investment to be made by the Private Office of Mr. John Bernard shall be structured as an equity investment in exchange for a 15% post-money equity ownership in Futuris Company
FAIRFAX, Va., Aug. 24, 2020 /PRNewswire/ -- Futuris Company (OTC: FTRS) (OTC: MISMD) ("Futuris" or the "Company"), a Human Capital Management (HCM) company focused on the acquisition and operation of executive search, staffing and consulting companies, today announced that it has signed a Head of Terms for an exclusive equity investment agreement with The Private Office of Mr. John Bernard for $10 million in exchange for a 15% post-money ownership stake on a fully diluted basis, subject to the satisfactory completion of due diligence.
The Private Office of Mr. John Bernard seeks to partially acquire, recapitalize or support the growth of small to medium sized businesses across a whole range of industry sectors. John Bernard is a successful entrepreneur and investor who over the last 19 years has invested in over 27 companies worldwide. He began investing in internet start-ups and has leveraged his capital in other sectors like engineering, pharmaceuticals, ecommerce, and manufacturing with deal sizes ranging from $3 million to $45 million.
