And seems to be pretty shareholder-friendly terms. Best part is they can sell shares at any time until end of 2021, at the discretion of TPTW's management. Pretty darn good terms!
"TPTW may draw on the Equity Investment, as needed and as defined, through December 31, 2021, to avoid creating heavy dilution to existing TPTW shareholders."
" The Equity Investment will be in common shares of TPTW after appropriate registration with the SEC and is not a toxic convertible debt."
"The company reserves the right to sell its common shares under the Equity Investment to the Institutional Investment Fund at any time which is at the sole discretion of management. "
"No minimum number of common shares is required to be sold to the fund and the company can sell shares to the fund every 5 trading days if desirable, limited to the median daily trading volume of the Company's common stock over the most recent five business days."
News 
Market Data 
Discover 
AI
