Post by
postie1 on Mar 15, 2022 9:54am
Those 2 million shares were not to raise money
This is up to 2 million options plus 50 thousand dollars every quarter . That does not seem like a fund raising to me. Minimum it will cost NGE 100 thousand dollars plus 1 million options with no guarantee of any money. If I am wrong please correct.
Now the question I have is why would you put out this type of money if there was nothing to promote. Putting out tweets or facebook would be much cheaper than telling a promo company something and having them put out spins. Have they seen something that is not out yet ?
And yes we all know the song and dance "massive dilution, etc." that will be posted but that is not a proper discussion, just bashing.
"In connection with the Contract, the Company will pay North Equities $50,000 CAD per quarter. In addition, the Company will issue North Equities 2,000,000 stock options pursuant to the Company's Stock Option Plan, with an exercise price of $0.10 CAD to be vested over 12 months, with 25% vesting after every 3 months. The Contract may be cancelled before the 6-month mark of the campaign. North Equities currently does not own any shares of the Company."