Aug. 23 at 7:52 PM
$JAGX New bulls already confused about how this
$40M offering works. There isnt an investor buying
$40M worth of jagx shares, its a selling agent SELLING
$40M Worth of jagx shares. The shares are received at a substantial discount prior to resale between 8%-10% below market. The shares are distributed in lots. Not all
$40M in one fell swoop. C/W Does not file a 13g as the shares are not held. The offering is very similar to ATM (at the market) offering as the shares are immediately sold by C/W at prevailing market prices. the whole thing cost C/W NOTHING OUT OF POCKET, as jagx had allready issued them 800,000 shares as "commitment shares" those shares are what are sold to give C/W the money to give to JAGX for next lot of shares to sell. And so on... and so on..
