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Johnny_C

04/03/20 3:42 PM

#66490 RE: shalley #66476

If you read that press release it was misleading. It stated they got a loan and the Board (only Berman) couldn't pass it up.

Yet Berman stated there were subscriptions (nothing wrong with that) that were dilutive and the terms were not released

berman stated there were NOTES and the terms were not released

Berman stated there was a line of credit non dilutive

Look at the filings, most of his financings give warrants. So the loan is not dilutive but the warrants obviously are.