Post by
Roadrunner71 on Jan 05, 2025 3:28pm
Private Placement
Sooo, it's been almost two months since NexFLOPtic issued a PP in hopes of raising a million dollars to raise funds "for stuff"
How has it worked out so far? Not well, not well at all :(
The main concern is how Grand Master Paulie M is going to get his 180K stipend this year? I for one do not know. Any suggestions?
Maybe he could get a job as a night manager at Tim Hortons. It's not going to pay 180K, but at least it's something, right?
Comment by
Maxmoe on Jan 06, 2025 2:54am
Yeah, that's what keeps me up all night. That and the prostrate.
Comment by
BarstoolSage on Jan 06, 2025 10:13am
LOL...Did you not see their investor slide deck?. "We are raising money to pay off our creditors who will not take shares in payment of past bills."
Comment by
Maxmoe on Jan 07, 2025 8:02am
Imagine that. Not willing to take shares in payment of past bills ! Maybe the collection agency would take shares.
Comment by
BarstoolSage on Jan 07, 2025 6:13pm
If the collection agency bought the payable to convert to shares, would that be like factoring your payables? Debit payables, credit shar capital. Voila. Balance sheet cleaned up.