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Sharktnk

01/29/14 9:49 AM

#9350 RE: Sharktnk #9348

As an aside ...

However, if the stock price of the Company loses the bid at any time before the Maturity Date, the conversion price shall be $0.00001per share.



This is how these guys can keep on feeding the bid when these things crater. 5 decimal places to the right.

Nice terms.

WTF is it that they guys still cannot lean on some of the sheer possibilities that exist from these big name endorsers rather than all these toxic notes ...

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cadillac48

01/29/14 10:24 AM

#9353 RE: Sharktnk #9348

I also noticed those were horrible terms for the company!

All this time i thought they got their filings in order so that a reputable lender that was waiting in the wings, not the local loan shark Guido standing on the corner, would give them a loan with decent terms for the company!

This sounds like another Asher loan or even worse!


I thought these guys were getting financing guidance from a good source, guess i was wrong!

it's obvious that their strength is in signing up endorsers, not in finance!

Unfortunately, success in the corporate world does not revolve around the endorsers!

BTY, I wonder what happened to the shares given to Aden Smith?
Were they taken back when the agreement was cancelled as a result of unprofessional conduct?