The intriguing part is when GESI announced the $45 million financing and wire, the board followed. Subsequently, the board rounded up the $45 million financing and wire to $50 million. Subsequent to that, the issuer decided to go with the $50 million financing number and wire.
Banks/Financial Institutions/VCs/ETC do not wire $45 million with the expectation of $50 million arriving.
SCAM!
The press releases and filings all succumb to the board. Sad!
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