Form D issued today states it is "covering the sales of the 5,000 preferred shares etc" but when you read the 10Q page 130 of 178 (pdf version) in the section that describes the SPA (Securities Purchase Agreement)those same shares are for a total offering of 6,000 or six million dollars. Why does this Form D state 11 million dollars worth are offered with 6 million still available???.....that is nowhere in the previous description of the SPA and dilutes the offering theoretically X2. Wonder how those who participated in the offering feel about this? Perhaps someone familiar with private placement offerings could comment. This seems like slight of hand, although I sincerely hope I am wrong. In my thinking today's Form D should state "of a total of 6 million dollars not 11 million dollars."
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