financing last weekCompany received $ 250k of a maximum $ 1.0 million loan dispersed at the discretion of the lender. Repayable in 6 months at 10% interest and 4 million in warrants exercisable in traunches of 2 million with varying exercisable dates. That will cause an approximate dilution of 3.5 %. granted they would receive the cash for the warrants of $ 1.3 million if exercised.
Getting expensive to run this company. Great takeover target for some deep pockets wanting to get into this space.
GLTA