RE:RE:RE:Proposed Debt Financing up to $2 MillionARIMA11 wrote: Unfortunately I don't aggree. They let the stock drop so low, no insider purchase then this.
8% on 2M plus conversion at 1.30 when the stock goes above 1.80 - 28% premium.
And it was said that they did not anticipate to fundraise. Well that is now changed.
Anyways, onwards but its not "good news", contracts are.
it's not an equity raise though, how is that not good news? Also, $2M is not a lot of money however you look at it