InvestorsHub Logo

CrashOverride

08/10/22 9:55 AM

#503398 RE: flipper44 #503394

I am only speaking from my personal experience. Did he post the prospectus online and bill of sale proving he bought the shares?

Umibe5690

08/11/22 12:33 AM

#503683 RE: flipper44 #503394

Purchase of these securities is by inquiry. I made the inquiry directly with NWBO. I am a retail shareholder. The “Cs” were offered to me and I received a draft subscription agreement. The price was $16 per preferred share convertible into 25 common or $0.64/share. At the time of my inquiry the market price was about $0.68 so the “discount” was about 5% as the price was “fixed” the previous week..There was a three month holding period up to October 26, 2022. There was no guarantee that sufficient authorized shares would be available at the time of conversion, or for that matter, ever. There were no warrants attached. Nothing was stated as to whether the voting rights attached to the common were immediately available. When I inquired as to how many preferred I could buy, I was told “as many as you want.” The number of shares in my subscription agreement was left blank for me to fill in.