RE:RE:RE:Bunch of Meanie Headsbrad129 wrote: Not sure what the regulations are, Gem has approved us for 25million dollars, James needed a vote to let the m have in excess of 25% of the company, does that mean he can go to 25% without shareholders approval? If he can that could give him what he needs to hit 50% support, just issue those towards the draw.
Also with the cash on hand at the end of the year 3 months ago and the burn rate there is no way they haven't had draw downs already, not sure if they have to NR each draw or not.