Sat 2/23/2019 04:11 ET
S&P 5002792.6717.870.64%BANKS442.721.640.37%OIL57.090.130.23%BITCOIN3964.8318.630.47%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - MER Telemanagement Solutions - MTSL   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add MTSL
From: steeledge (Rep: 877) reply to ryanhDate: 06/26/2018 10:20
Forum: MER Telemanagement Solutions - Msg #1591Thread #674017528 (Rec: 0)
Re: today is the day....//MTSL makes sense off ABIL. plus new institutional investor announced couple days ago

In addition, the Company has entered into a letter of intent with an institutional investor pursuant to which it has agreed to invest $1,500,000 in consideration for the Company issuing a new class of convertible preferred stock. Such issuance, which was approved by the Board of Directors of the Company on June 18, 2018, will require shareholder approval, which is expected to be obtained in the early Fall. The investor has also agreed to invest an additional $200,000 in consideration for the issuance of 175,439 of the Company's Ordinary Shares. As a result of this expected aggregate capital infusion of $1.7 million, the Company expects to regain compliance with the $2.5 million stockholders' equity requirement

Reply to ryanh - Msg #2739804 - 06/26/2018 09:55

today is the day....
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser steeledge: Reward | Watch | IgnoreMTSL: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add MTSL | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999-, Inc.