In the PP the company stated that they will keep the shares registered in case a participant wants to sell. I didn’t see anything in there crazy but I didn’t dwell on it. Normal stuff.
I did a post on it the other day here:
People tend fear what they do not understand so I’ll do my best here.
So Buz Lightwave currently gets its operating capital from LPC and is NOT currently going doing the PP route. Generally terms are more favorable to investors in a PP and that is why you still see LPC participating in the PP’s when they were offered, Lightwave gets it money up front in Standard everyday PP’s. Those Shares need be registered (S-1) before they can be sold and they are registered from time to time with the best time to do it immediate following an update like the annual report because a lot goes into updating everything in the statement.
In the other arrangement with LPC, Last year they estimated and registered 5 million Shares of the 20 Million Dollars committed (Notice Shares in one and Dollars in the other) shares to run the company and it looks like it took 4 million shares to operate the company, remember this it is enough cash to get us until fall. If a company does not have operating capital on hand for the foreseeable future they have ZERO leverage in negotiations.
K, depending on how a PP is designed either each investor can hire an attorney to register their shares separately or the company can register them, this is all set forth before a PP is commenced and because the company receives money up front on those types of raises the company does not realize any money from those sales. (I think that is what is making you question the difference) However in the agreement with LPC the shares are sold piece meal to them, then of course they are going to sell them (either on the street or privately). That is what you are seeing.
It takes money to run a business and many like to make them a boogey man for providing operating capital. Anyone that can arrange better terms and provide cash to operate I’m sure the company would be open to listen. I do not have a problem with it. Once an agreement is in place you can bet that LPC will in fact see that their core account generates a maximum return. Of the 3.3 million shares they own each penny is 33k.
IMO if an agreement with someone else is not in place by the time that last 1/2 million shares or so is sold they the company will register another chunk, get it? Let me see if I can guess, after the 10-Q?
Have a good day guys, hard to believe how far we’ve come, almost there. Shhhhh
Thanks
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