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CATTDOGG12347

04/23/18 7:33 PM

#65816 RE: cdiddy01 #65813

So he’s got an incentive to dilute right off the bat, that’s just dandy.
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jckrdu

04/23/18 7:33 PM

#65817 RE: cdiddy01 #65813

I wouldn't say that term is standard.

I don't like that he can get another $150k just for raising $20M at any pps... but remember that if he raises cash at a pps lower than $1.62, he's shooting himself in the foot because the majority of his options are priced at $1.62. So, if he does raise $20M by selling shares to get his $150k bonus, he's aligned with shareholders to get the financing done at a higher pps.

I do like the fact that he can also get the $150k via getting the $20M via a partnership of some kind.