Re: Financing deal....Imperial Whazoo gets it
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Message: Financing
IR is still stating this is a 'rainy day fund' as per this email:
SFMI controls the issuance and take down of monies from the sale of stock to Centurian. We arent handing over 87M shares to them at the stroke of a pen. Also, the stock has to be sold at prevailing market prices at the time of take down. SFMI doesnt plan on utilizing this funding unless it has to for a variety of reasons. It essence it supposed to be a rainy day fund if the company finds itself in financial bind due to unforseeable issues.
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