Curvature talking to robots ginagirl11... CEO Luna had the lion's share. Eduardo Luna $577,712 of $950,000. The money was used towards the $1.5 mill 100 percent option ownership of the San Francisco Project
Curvature... Gina The financing you are referring to was a convertible debenture not sure you understand what that is so I will not go into much detail other than to tell you if all goes right the interest on their investment is quite sizeable the money did not come cheap! In other words it raised the cost of production considerably but do not worry yourself over it!
annwarw ... That right Gina a debenture financing, but the CEO has put mega dollars into Rochester in the past as you know as well. That's how he obtained his almost 9 million shares in the first place. Paid .15 for .20 warrants
terryow... And just recently the CEO paid over half a million dollars (which coincidentally) is 1/4 of Rochester's current market cap and managed to raise the rest of the 1.5 million (which is OVER half the current market cap) in a lousy market.
Curvature... Terry Just so you boneheads know debenture are debt instruments that come ahead of shareholders hmm! Also they are getting paid a handsome return and have the option to convert! And we do not know what other terms are included so do not get so excited.
textter... Terryow that's good to see the CEO laying down his own cash again as the debenture financing wasn't even offered to the public which the insiders closed immediately by themselves with no need to wait. Luna managed to raise the remaining amount of the $1.5 mil securing 100 percent of San Francisco demonstrating if needed he can raise the cash in today's markets.