The $500,000 owed to BAR needs to paid back if a raise of over $1,000,000. 200,000,000 @ 0.015cents = $3,000,0000.
Last raise didn't get what was wanted from holders a late placement was needed.
If memory serves correctly the last raise was at 3 cents to raise $1,200,000 and raised $647,000. The late placement @ 3 cents got an additional $200,000. The raise was still way short by $350,000.
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