Great explanation Bullet. Really appreciate you explaining this. Was pulling out my hair trying to figure this out. One thing is for sure...Ironbridge are more like Ironscammers. This is not a good deal. Would've liked to have the company in control of how much they dump and when to pay these a holes back instead of these guys controlling it. It's only 2.7mm but this deal is written like the company was lent the world. Need to get this over with and get the rats out of here!!
WRONG. Maximizing profits has nothing to do with anything in this case. IronBridge is owed X amount of dollars. They are given X amount of shares to sell unrestricted over 10 consecutive business days until they get every penny owed them. If they get every penny before they run out of shares they have to return any unsold shares. If they do not make their money over the 10 consecutive trading days they get more unrestricted shares from FROZ to sell until they get every dime they are owed.
Don't believe me...>Read the 8K. Its public knowledge.