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j45

11/10/16 12:09 PM

#52998 RE: JimmyBendrix #52997

"Funding" for progress. Whatever they need it for.

I've never seen an OTC company get funding with:

1. NO DISCOUNT TO THE MARKET PRICE
2. A min floor of 12 cents/ 50% coverage with 15 cent warrants.
3. only 3 day look back for pricing
4. 9.75 mil

So NO DRAWS can happen below 12 cents!!
ALL negotiated while stock was trading at 7-9 cents!!


Also fees are paid with 144 shares/Restricted stock.