Pounce Technologies Inc. V.POI.H

RE:RE:RE:Huge competition

[lscfa]

Don't know why you think it is still a loan. The Mar 1/16 NR says:

On February 12, 2016, the lead investor subscribed for an aggregate of $1.6 million in 6% interest bearing unsecured promissory notes, which notes have been converted as a subscription for units pursuant to the terms of the Private Placement. As of February 29, 2016, the lead investor subscribed for an additional $1.9 million in units of the Company to bring the current lead investor aggregate subscriptions to $3.5 million in units of the Company. The Company is accepting further subscriptions from the lead investor, and others, and is now moving to close the remainder of the financing.

Leafs4Life wrote:

lscfa wrote: The real burning question is who is the strategic partner investing in the current Slyce PP?.....SLC's focus on North Amercia and Visenze focus on Asia would make a great merger.

When I asked Roy about the identity of the strategic partner he told me that it was an existing shareholder with a massive position. Who knows if that was true, Roy has told some whoppers. 

I am not as confident as the rest of the board about Slyce getting the deal closed. They have been trying to find this money since December and they've lowered the parameters of the deal (half price, smaller total) yet they still can't seem to get more than a "loan" for less than the full amount.