GREY:CYXTF - Post by User
Comment by
Dmajormineron Mar 01, 2018 9:17am
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Post# 27642734
RE:Step in the Right Direction
RE:Step in the Right DirectionTo be honest Thomas, its actually more dilutive than the previosu deal. First this "investor" gets $750k upfront . Then he gets 10% which equals $1.5 MM on $15 MM . Interest is usally guaranteed on these deal for 1 yr even if excercised earlier than that. Finally instead of 10 MM shares @ $1.20 with a $1.50 warrant its now 15,000,000 shares at $1.00 with a 3/4 warrant at $1.00. So another 11,250,000 for the warrant for a total of 26,250,000 shares.
How these " personal" investments work is that the guy will sell as much stock as he can above $1.00 and profit on that as well as get the $750K + the $1.5 MM for the guaranteed interest. Sweet deal for him. ONce he is off the first $5 MM worth of shares he will do it again and again until he has dumped all 26,250,000 shares.
Personally, I see this as a worse deal than the last. IMHO I would sell the stock as quick as possible anywhere above $1.
My two cents on it.