I told the board here that we are guaranteed 9.5 million dollars over 3 years, 2015 till end of 2017. I told you that it is coming in at low till high in those 3 years, example 1 million 2015, 3 million 2016 and 5.5 million 2017. I do not know exact amounts per year but it starts out smaller and ends up larger per year.
As for the smart long time Private Placement investor that just occured, he bought in and had to pay an extra 5% out of his own pocket for the broker to get him such a deal. He must hold the stocks for at least 1 year and has until 5 years later to buy an option of that extra 25% at a higher value. He must then either sell all of his shares or convert them to Common shares. They are not giving away all of these shares so cheap, since a usual Private Placement purchase has a 50% option to buy more shares in the 5 years time. He must have really wanted in on this golden egg...:)
Even though they now have a lot in cash, they still could use more perhaps to build the next NanoMRX III. I have not heard another word since they revealed in a Quarter statement a few quarters back the single line that says something about an Atomic Nanomagnetic relaxometry machine is under developement. They could use more cash to build it. Can you imagine how much more accurate such a machine could be!!!
So, stop saying that big tiem investors are not interested in MHTX. This is I think the fifth Private Placement investor in MHTX this year. Big time investors I am sure do the serious DD before investing this kind of money.
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