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Zadie420

06/29/22 9:03 PM

#491363 RE: sharpie510 #491360

Very good point.
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pqr

06/29/22 9:04 PM

#491364 RE: sharpie510 #491360

Sharpie I’ve seen similar suggestions that candidly I do not understand any more than yours. There are 2 conditions to the lender’s option: TDL then offering. Offering is wholly in the control of the company. Moreover it seems pretty unlikely that company would do a fundraise before “real” TLD bc depressed SP. Finally, given the company’s June 5 PR that other posters have identified as a company statement that TLD has been disclosed, the lender could certainly claim any fundraise now would be post-TLD

So I just don’t understand your comment and I will look at any explanation. It’s of No moment to me other than curiosity since we’re all left to speculate anyway. GLTA
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Doc logic

06/29/22 9:55 PM

#491373 RE: sharpie510 #491360

sharpie510,

July 22nd brings likely target date for bridge loan for loan repayment installment due along with higher burn rate from recent work order possibly related to Eden validation testing/equivalency or news prior that points to significant revenue ramp. Tic toc. Best wishes.
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VikingInvest

06/29/22 10:31 PM

#491380 RE: sharpie510 #491360

There’s no specifications about timing of the private placement, just that it will be after TLD and they have 5 days after the initiation of the private placement to exercise their bonus option.