Replies to post #78140 on Seaniemac International Ltd (fka BETS)

[Eli's Gone]

You be correct-----the $5M doesn't make any sense:

the Investor shall invest up to Five Million Dollars ($5,000,000) to purchase the Company’s common stock,

when read in context with the Termination clauses:

This Agreement shall terminate upon any of the following events:



8.1 when the Investor has purchased an aggregate of one Million Dollars ($1,000,000) in the Common Stock of the Company pursuant to this Agreement; or



8.2 on the date which is forty-eight (48) months after the Effective Date; or



8.3 at such time that the Registration Statement is no longer in effect, not including such periods as the effectiveness may be temporarily suspended in order to amend or update the Registration Statement or as otherwise permitted under the terms of the Registration Rights Agreement.