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THall

05/09/18 11:15 AM

#50783 RE: instructmba #50781

LOL there is noway they can lose money. They will be issued shares at a 30% discount to the current market price. AKA toxic dilution

Up to means up to and so $16M could be at issue. Carden must as a prudent fiduciary have a strong opinion they will not lose money.

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VeronicaFox

05/09/18 11:18 AM

#50786 RE: instructmba #50781

So it could be $1000 or $100,000 or $1M. The point is it’s not known. All that’s factually known is the amount is UP TO $16M.

Carden only needs volume to dilute into. Let’s all remember WRFX is unaudited, doesn't trade on an exchange, and is not an SEC registrant.
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Frayed Knot

05/09/18 11:18 AM

#50789 RE: instructmba #50781

Up to means up to and so $16M could be at issue.

Sure.. OR MUCH less.. IF anything!

Since it has been over a month since the FLUFFY PR on April 5th....... looking pretty bad for WRFX.

Well, assuming NOT getting MORE toxic financing is bad... more toxic financing is bad for investors... but I am sure little Brad needs some more money for his soon to be ex-wife.