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Monday, December 02, 2013 9:44:52 AM
For now CANX are going to provide an initial payment of $1.3 million and another $1 million under a 7% convertible note. And here start the worries of PHOT shareholders. This joint venture may cause severe dilution of PHOT's common shares. First they issued CANX 140 million transferable unrestricted warrants to purchase 140 million shares at a third of the current market price or just $0.033. In addition if PHOT increase their authorized stock they will have to issue another 100 million warrants with the same characteristics. That is still not all though, with another 20 blocks of 10 million warrants waiting to be issued under cetain conditions.
Recent PHOT News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 07/19/2023 08:43:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2023 01:36:57 AM
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BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
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Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM