Please read rule 506b from the sec. that rule was used in the form d.
So the 19 investors are retail and barley bought more the 200k of shares... the item 3 in form d goes towards stock compensation no money needed for executives and board members it clearly states this and the management team is trying to pull one over on you but I assure you what happened here is verbs board members and executives got paid and 19 investors bought 200k shares this rest of the offering is here to sell to the market what mean more dilution headed towards your bottom line. All in my opinion.
Rule 506(b) allows an issuer of its own securities to raise an unlimited amount of money from an unlimited number of Accredited Investors and up to 35 Sophisticated Investors. However, the issuer cannot make any offers or sales of the securities by any means of general advertising or solicitation.Apr 17, 2017
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