OTCPK:SPLID - Post by User
Post by
Gravytrain90on Jan 10, 2018 11:29am
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Post# 27323625
PRIVATE PLACEMEMT IN WAY OF DEBENTURES
PRIVATE PLACEMEMT IN WAY OF DEBENTURES
Okay this is an amazing deal for EAT. This is 10 000 loans each at 1000 with 10% interest paid over 3 a year life. They also carry warrants 1667 and exerciseable at .70 that's means there is NO DILUTION besides that of the warrants which are exerciseable over a 2 or 3 year period. If all where to get exercised at once that means 1667 10 000 = 16 670 000 shares of dilution. But these shares would also bring EAT and additional 11 669 000 ( 16670000 .70) in cash making it a total on just under 22 million dollars EAT could possibly get with very minimal dilution. This is an amazing deal.