At current levels; this is the scenario - Lind receive and are able to sell down at their discretion -
- 12.5m free FPO shares = $62,500 - 40m at face value of .005 FPO shares = $200,000 - And a convertible note to the value of $600,000 which carries a maximum conversion of 313m (approx) shares once converted in FPO shares
The company, TV2u draws down $500,000 with a 24 month repayment period and it costs shareholders a minimum of 862,500. Another 4 potential draw downs on top of this according to the full schedule.
Not a bad gig if you can get it for Lind....but at a severely damaging and dilutive cost to holders whom end up paying the bill.
TV2 Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
