RE:RE:RE:RE:RE:RE:RE:RE:RE:It looks like we are going forward those 43 cents finally.Robuzkin,
I think you misunderstand the GEM facility!
The way GEM token subscription facilities have worked is that you can sell GEM tokens at a set discount to market. Amounts you can sell are based on token market cap and liquidity. Take a look at all their deals. If/when they do fund, it has always been in small tranches..............and aggregate amount are almost always a small fraction of the "commited" amounts.
It is NOT a loan. The 36 month period is not a repayment period. It is a term during which Cunninghsam can sell tokens to GEM based on terms above.
ALSO, a condition of even SELLING ONE TOKEN is that Cunninghsam MUST get the token LISTED!!!!!!!!!!!!!!
Cunningham is currenlty offering 100 million tokens for sale, per 09/19 NR, at $0.60/token. They have said they WILL SEEK a LISTING ONCE the $60 million is raised!!!!!
IF THE MONEY IS NOT RAISED BEFORE THE VOTE, I WOULD VOTE NO..................THEYVE HAD MONTHS TO RAISE THE MONEY.................YET $300K APPEARED TO BE A STRUGGLE!!!!!!!!!!!!!!!!!
Robizounskin wrote: Hey Larry, you seem to have difficulties understanding some financial basic here. Cunningham have their financing secured by GEM, Gem has the money and not Cunningham for now, GEM are the one financing the deal, their financing is guaranty by the asset that Cunningham will buy and own which is that 20% of Treaty Creek. Cunningham will refund their financing to Gem by issuing Gold Token during a 36-month period. It’s like having a mortgage with a bank if you have some difficulties to understand the financial mechanic involved.