NEW ANALYSIS Marquee,In addition to your marvelous DD, I am of complete agreement with your analysis on BONU, and wanted to add a few more points after reflecting further on the credit facility with Southridge.
In order to complete a leveraged buyout management that plans on exiting the company wants to still hold a portion of the residual revenue. Lets face it, BONU's balance sheet was by no means cash rich, so in order for them to get a 10 million dollar equity purchase agreement "A LOAN" from Southridge they would need to provide some sort of assets or cash up front to secure the instrument of debt. Here is where this gets extremely difficult to understand and without a background in private equity trying to discern what was going on behind the scenes is difficult to understand,and even more difficult to explain to the laymen by a laymen, but here she blows.
Look below and you will see there were 46,162,280 registered for a proposed maximum offering price of .06 cents a share or $2,769,736.80 dollars. These shares are what were registered in order to exercise the put option. The option to PUT or SELL the stock and buy back at a lower price in the future. For Southridge the is very advantageous for the stock price to plummet and what better what to assure yourself of your stock getting destroyed and going lower? None other than by utilizing the dilution from Asher as a strategic means to drive the price of the stock down. This in turn affords Southridge the opportunity to buy that almost 3 million dollars in stock for around 20,000 dollars. The Spread that is made on the drop from 6 cents to the trips is huge. What that allowed BONU to do however was secure that 10 million dollars in debt by giving Southridge the OPTION Or PUT Shares, which benefits them because they get close to 2.7 million dollars paid back and secures the future 10 million dollar equity purchase agreement, and this my friends is some serious LEVERAGE and basically allows you to buy the company back with less money as well as utilizing debt instrument from Southridge needed for a common 90/10 Leveraged buyout. Southridge secures the loan given to BONU in the future and BONU gets a 10 million dollar loan going forward for their business model and all parties are happy.The last stock I saw similar to this went from 0002 to .015. We are talking about making some serious jack here ladies and gentlemen. Hopefully this better explains what is going on here. I am by no means and expert in this type of complex financial analysis and hopefully this allows for others to understand my explanation in a rather rudimentary explanation. Onward we march BONU Strong Like a BULL!!!!!
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