Elementary is actually reading the filings. According to BC they don't have the SEC approval for the S-1 yet? No doubt they will make a killing here off of shareholders but the company only gets .006 a share. Sure beats what he has been selling notes for in the low .003s. Fact is a new pool of 166+ shares of dilution is on the sidelines as if there weren't already enough.
Quotes from the S-1
"Closing for sales of the Company’s common stock under the Purchase Agreement will occur no later than five (5) business days following the date on which the Purchased Shares are received by Triton’s custodian. In addition, the Company has agreed to pay to Triton (i) $5,000 upon execution of the Purchase Agreement to reimburse Triton’s expenses related to the transaction; and, (ii) $10,000 at the initial closing under the Purchase Agreement as additional reimbursement for Triton’s expenses."
"Triton has a financial incentive to sell our shares immediately upon receiving them to realize the profit between the purchase price and the market price. If Triton sells our shares, the price of our Common Stock may decrease. If our stock price decreases, Triton may have further incentive to sell such shares. Accordingly, the discounted sales price in the CSPA may cause the price of our Common Stock to decline."
Great to see you Sturgis. Like TROW, WIC and earlier Hokiehead, I Missed your posts too! I hope the positive crowd returns to the upcoming party:) GLTA Real Longs!!!
News 
Market Data 
Discover 
