Jul. 23 at 7:42 PM
$INND Haven't heard from Adnan Shennib for a long time. He learn the lessons the hard way. Resigned has chief operating officer in 2022-2023 Do you understand?
This is all I found: Total Purchase Price:
$10 million paid entirely in restricted shares of InnerScope common stock.Stock Structure Details: The transaction divided the
$10 million valuation into two equal equity tiers:First
$5 Million: Restricted shares issued at a fixed price of
$0.0089 per share, matching the terms from their initial October 2021 Letter of Intent (LOI). Second
$5 Million: Restricted shares issued at a fixed price of
$0.17 per share. Leak-Out Agreement: A 24-month restriction was placed on the newly issued stock. Shareholders could only convert and sell up to 25% of their total shares at every 6-month interval following the close and the standard SEC Rule 144 holding period.