Ktmracing122,

Perry Theoharis, EMD Financial Inc., was paid in shares...again..for the Private placement 3 wks ago.

Based on this recent transaction and the transaction done last Sept. , this guy took shares instead of cash valued at 225K.

The shares given 3wks ago were based on common shares valued at 37 cents.

April 9, 2018

In connection with the Offering, EMD Financial Inc. received a cash finder’s fee equal to 5% of the gross proceeds up to $1.3 million, a finder’s fee, paid in shares, of 6% of the gross proceeds in excess of $2.5 million to a maximum of $4.0 million and a corporate finance fee of $10,750.  There were 414,081 common shares issued at a price of $0.37 per common share in satisfaction of the share component of the finder’s fee. 

Sept. 19, 2017

In connection with the Offering, EMD Financial Inc. received a cash finder’s fee equal to 5% of the gross proceeds up to $2.5 million and a finder’s fee, paid in shares, of 6% of the gross proceeds in excess of $2.5 million.  There were 217,381 common shares issued at a price of $0.33 per common share in satisfaction of the share component of the finder’s fee.  The common shares are subject to a statutory hold period of four months plus one day which will expire on January 16, 2018. 

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This guy could have had 225K in cash, but took simplenoront shares(not flow through shares).

High net worth people invest money with him, ... he must know a thing or two.