News Focus
News Focus
Followers 2
Posts 293
Boards Moderated 0
Alias Born 12/20/2017

Re: gweet post# 838

Friday, 10/16/2020 10:44:13 AM

Friday, October 16, 2020 10:44:13 AM

Post# of 864
What about DragonWave old shareholders (DRWIQ)?
"In Nov of 2019, immediately before ComSovereign's reverse merger, an unnamed individual loaned $2M to DragonWave/ComSovereign. As part of generously making this loan, the unnamed individual also received 1,050,000 shares of stock, resulting in DragonWave recognizing a $4.7M debt issuance cost. You read that correctly, ComSovereign's books show they gave out $4.7M in equity in exchange for taking on $2M in debt which they will be paying back with 9% interest (page 23, paragraph 4 in June 10-Q). Who made this loan?"
source: https://seekingalpha.com/article/4372154-comsovereign-holding-collection-of-floundering-businesses-insiders-linked-to-penny-stock?utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today