Replies to post #4787 on Nexus Energy Services Inc (IBGR)

[MoniesTrade]

According to the company, they would have to rewrite the articles of corporation to issue equity because I believe at this moment the AS is maxed out. Rewriting the articles of corporation does not take much though. They have not addressed financing at this point but one thing is for sure, it's either further dilution or debt. I would be inclined to think they would use at least some debt as most companies do to reach an optimal capital structure and average cost of capital.

[maybe_this_time]

Those are good questions... Since they are all out with shares I assume it has to some kind of debt...

[Nadendla]

your question answered on facebook!

How are the $2.8m raised to finance phase I !?Debt or equity? Raised at one time or over a period of 12+ months?
thanks in advance
about an hour ago · Like ·

Pharmstar Pharmaceuticals, Inc.: Good question, Raj. The company is using a capital raise package that is non dilutive, and no debt is incurred. As you can imagine, there are NDA and Confidentiality Agreements as part of these transactions...without violating them we can safely answer your question by telling you that the ROI is realized by the profits of Aquaprin, not the sale of equity. As for the timing, it is ongoing and can be found on the balance sheet as Series C Preferred Shares.