Sunday, June 17, 2012 8:56:30 AM
13. Offering and Sales Amounts
Total Offering Amount $1,500,000 USD
Total Amount Sold $645,000 USD
Total Remaining to be Sold $855,000 USD
Section 16 says:
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
Arista answered $250,000. $1,500,000 minus $250,000 is $1,250,000 that is left for "other stuff" other than paying execs, which I think means revenue generating items.
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