RE: Human brand look interesting28 Jan 2020 14:51
Finn in a nutshell.
GUN have loaned HB £378,575 thus far which will accrue interest at 12% pa and has a final payment date of 20th Jan 2021 with added interest due. GUN at any point prior to the settlement date can convert all or any part of this loan into ordinary HB shares. HB have been valued at £3.5M and the number of shares available to GUN (should they decide to take shares) will be based on this Mcap dinvided by the number of shares.
Also as part of a thankyou to GUN for assisting with the HB listing on LSE, HB will issue ordinary shares based on the size of each fundraise:
$350,000 or less = 1% fee issued in shares.
> $350,000 = 2% fee issued in shares.
> $500,000 = 3% fee issued in shares.
To me this is a stonking deal and says that HB really have had lots of assistance from Hamish and James with their product, marketing and proposed listing on the LSE and they are confident that there will be a decent ROI (12% on the loan) plus the fees mentioned above based on issue of equity, placing or crowdfunding exercise.
Buy and accumulate at these crazy low prices.