Series A Preferred
In March of 2015, Wytec issued its Series A Convertible Preferred Shares in exchange for 145 Registered Links. The Offer allowed current Linkholders to exchange their Link for 20,000 Wytec Convertible Preferred Shares. The shares are convertible into Wytec’s Common shares on a 1:1 exchange basis representing an equivalent price of $1.00 per share of Wytec’s common shares upon conversion. In lieu of offering warrants to Series A shareholders, management decided to offer a dividend distribution of the Company’s Net Profits called Net Profit Pool Distributions. Do to the same learning curve challenge effecting Link activations (see Registered Link Program), it also effected the Net Profit Pool Distributions.
Though the gain to be realized between the 1.00 per share as compared to the most current Valuation Report by Signals Analytics (expected dilution) of $28.90 per share, management felt impelled to offer an addition compensation for the missed forecast presented in the Net Profit Pool projections. This, management has decided to offer Series A Shareholders warrants priced at $1.50 per share with a termination date of 12-31-17.
Click on Warrant Program for more details.
|Value per Share (Pre-Money)||$###.##|
|Value per Share (Expected)||$###.##|
|Value per Share (Fully Diluted)||$###.##|