From notes section 3,2 section 5.1 Purpose of offer
"and $450,000 allocated to the development or acquisition of new product lines. If the Company elects to make the Cash Payment, the funds allocated to the development or acquisition of new product lines will be reduced to $100,000"
So IMO,
So Runa will likely deplete the new product acquisition budget, (was 450k), leaving 100K for new products.
550,000 allocated to "advanced product payments to manufacturers".,- which is hardly product development IMO
and the show goes on........be interesting to see the "new products" given the likely erosion to the budget.
IOT Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held