Not sure if people have looked at this HCOF deal but it’s a doozy:
1. Investor gets 45m shares without investing a cent
2. If by some miracle they fund the first $1m CN, they get another 45m shares immediately.
3. The CN can be converted at any time at a steep discount, at current share price it would be $0.004
4. Highly unlikely that any further tranches would happen as they are subject to minimum MC of $1.5m
5. Numerous other fees, interest and options involved, as well as fees to Oakley.
Doubtful the company will receive even a cent of this, IMHO
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