Post by
TheLandedEagles on Feb 27, 2023 12:33pm
Very Creative.. 12 month convertible debt finance!!!
Like what I see...they shall close this very quickly, Im sure...at 20% annual interest. The option conversion to share equity depended on their future equity raise and price should be very compelling to most if not all insitutions getting into this deal...very interesting and can only see tremendous growth with this AI play...also love the tradeable warrants (VERS.WT.A) with a strike price of a $1.00 and a forced conversion at $2.00 share price. these dont expire until 2025..I got in with both common shares and alot of warrants here...this is the next "internet" like movement , with AI ...
Comment by
TheLandedEagles on Feb 27, 2023 2:22pm
Wouldnt surprise me if this gets way more interest and they end up raising over $10mm...lets see what happens tomorrow with its first tranche announcement.