$12 Mil Private "Commitment" may be okay; since that is a commitment to KrypNetworks and NOT OBITX.
Of course, since Paul and Mardikian are both paid employees of KrypNetwork (and likely issued both common and preferred shares for KrypNetwork) - they both stand to make a ton of money APART from OBITX and MCIG.
OBITX is already paying insiders a salary, option for stock in lieu of cash, issued common shares from OBITX, issued preferred shares from OBITX.
And, MCIG can issue the $3 mil of OBITX preferred shares to themselves at any time without letting any know.
All the other MCIG shareholders will only get a divvie of 1 OBITX common share for every 1000 MCIG shares owned.
MCIG shareholders should feel like they bent over for paul and got taken advantage of.......