Replies to post #61622 on Gold River Productions Inc (GRPS)

[MiltonTonic]

longmike...perhaps you will explain how death-spiral financing benefits shareholders?
We may not have access to the full amount under the financing agreement.
The lowest traded price of our Common Stock for the ten consecutive trading days ended August 17, 2023 was $0.00279. At that price we would be able to sell shares to GHS under the EFA at the discounted price of $0.002232. At that discounted price, the 355,797,246 shares would only represent $794,139, which is below the full amount of the EFA. In addition, any single drawdown must be at least $10,000 and cannot exceed $500,000 and any single drawdown may not exceed 200% of the average daily trading dollar volume of our Common Stock during the ten trading days preceding the Put.
https://capedge.com/filing/1990446/0001683168-23-005880/S1#k_024