InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,625.80
(
0.16%
)
US TECH 100
19,010.00
(
-0.02%
)
Dow Jones
41,250.50
(
0.02%
)
Brent Oil
78.69
(
-0.39%
)
Bitcoin
59,366.82
(
-0.22%
)

Replies to post #10057 on Cardinal Resources Inc fka CDNL

Replies to #10057 on Cardinal Resources Inc fka CDNL
icon url

SevenMonkey

05/05/16 2:58 PM

#10069 RE: Lapbid #10057

They receive the investment by selling shares. They use part of the investment to buy back stock.
icon url

SweepsMcGee

05/05/16 4:24 PM

#10221 RE: Lapbid #10057

Simply put: CDNL sold shares to HSVW for $3.75 million (the first tranche). As a condition of the tranche, $500,000 is being used from that sale to buyback shares.