TSXV:NSP.H - Post by User
Comment by
GoodOutlook2015on Oct 09, 2018 3:14pm
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Post# 28768228
RE:RE:2.5 million shares
RE:RE:2.5 million shares dontknowmuch wrote: GoodOutlook2015 wrote:
let the dilution begin
Hey “GoodOutlook2015”,
Seriously, concern about the dilution? Simple question, which would you rather own shares in:
NSP with current outstanding issued shares, warrants, options and
NO extraction facility OR
NSP with current outstanding issued shares, warrants, options
plus 1,851,851 shares & 5,555,555 options - 555,556 common shares of Naturally Splendid ( the “First Tranche”) at a price of $0.27 per share for total proceeds of $150,000 upon TSXV Exchange approval,
- an additional 555,556 common shares of Naturally Splendid (the” Second Tranche”) at $0.27 per share for total proceeds of CAD $150,000 within 45 days of the date of closing the First Tranche;
- an additional 740,741 common shares of Naturally Splendid (the “Third Tranche”) at $0.27 per share or the Discounted Market Price (as defined by the rules of the TSX Venture Exchange) for total proceeds of CAD $200,000 within 30 days of the date of closing of the Second Tranche; and
- grant of an option for 5,555,556 common shares of Naturally Splendid (the “Fourth Tranche”) at $0.27 per share or the Discounted Market Price (as defined by the rules of the TSX Venture Exchange) for total proceeds of CAD $1,500,000 within 45 days of the date of closing of the Third Tranche.
resulting in a NSP that owns a brand new current technology, high throughput extraction system, housed in their own cannabinoid extraction facility; situated adjacent to their existing hemp and bar manufacturing businesses AS WELL AS access to significant biomass to feed “the beast” under a Supply, Manufacturing and Distribution Agreement. I will take the later EVERY DAY OF THE WEEK :<>
Good intentions are good intentions, until there not. Let historical events be your guide .