OTCPK:SPLID - Post by User
Comment by
Interpolation1on Nov 13, 2016 3:54pm
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Post# 25454778
RE:RE:Private Placement
RE:RE:Private PlacementYou must be an AI to get that many as it is capped at $15K (100,000 units) to existing shareholders and that $15K includes all EAT shares bought in the past 12 months. Someone that bought 100,000 shares at $0.055 is OUT too as the minimum PP order is $10K. I was lucky enough to buy in at $0.03 and cap my investment at $3K so I am fine but you can see how easily it is to be below or above that range for investing shareholders.
JazzyJ1 wrote: I managed to get 275 k shares but I had already contacted the firm (with whom I have already worked) the day the initial announcement of the first tranche was made.
I tried to buy more shares at a later date but to no avail.
From what I was told there were huge orders from some bigger players and everything was oversubscribed prior to the last news release about the extension.
Thus there was nothing left for the average investor by the time the release was put out----sad as it seems.