iSIGN Media Solutions Inc V.ISD.H

how does this financing even work??????? im lost

[fruiscante1]

First of all, I think that the $1.5M financing may include the $750,000 that Korona group already gave them at the end of March. They announced an agreement in principal, but never announced the completion. It was also at 8% promissory note. That is what it is I guess, would be nice to have a clearer understanding of this. More to the point, it looks like Isign has agreed to pay with shares when if 1) they complete the P O S deal at the end of the month, or 2) they don't complete the deal at the above time frame, or 3) they decide to call the deal off. One of these things HAS to happen, so why not just call it a private placement, why is a called a promissory note with interest??????? Then below that they actually do refer to it as a private placement (?). Then there's this 61-101 regulation exemption to allow the Korona group to participate without the normal valuation requirements (?) that there is not much info available on the internet to explain (that I could find). I'm guessing Korona group knows a lot more about what's going on than we do, or wouldn't be fronting the cash. Maybe if we all knew what they know we would be willing to participate. Would be nice to have some better transparency here. All things seem to continue to point to the idea that there is significant revenue on its way in the near future, but the wait is getting to be a bit much. Did I miss something here in my interpretation of this financing press release?