Futuris Company (FTRS)

[Controlledoilandgas]

No it wasn’t… the shares to leonite was a conversion of the first $500k tranche into 5.0 Million shares…. Nice try…

There was no extra $500k in fee… Paulson was given an 8% raise fee as the investment banker on the transaction and they were given warrants which allows them to buy the stock at an agreed upon strike price… all of these are normal fee arrangements and there is nothing outrageous or above market that was conducted…

The shares to josh cohen weren’t just related to the fundraise - he additionally brought on several acquisitions targets which he and the company are doing the due diligence on and he has served as an active member of management and took shares in lieu of cash… additionally he has consulted on the necessary accounting process implemented ions required for the company to pass their audit…

Are people supposed to do things for free for companies and not get paid????

The average cost to raise equity is 11% across the board for small to lower middle market you can google that… when people make things up and twist facts to create a false narrative for no reason it is a scam…

Again the only scam I see is a short scam and it’s based on lies and things that aren’t true and have zero fact and the only reason a person would look so hard for issues is because they’re running a short scam…