top of page
Search
  • Writer's pictureWebMaster

SHAREHOLDER FINANCING $300k Goal

Updated: Aug 28, 2019

The biggest hurdle to the $100MM institutional (VC) investment and Foundation funding is travel funds to meet with both Foundation and Venture Capital funding sources, and ongoing operating funds/expenses. We also need funds for upcoming product Patent fees to protect our proprietary equipment, the Spinal Stiffness Gauge – SSG, a vital component of the Ortho-Gnostics, Inc.

I am committed to either getting Ortho-Gnostics completely funded, or the Company sold in the next 24 - 36 months. Before we do either one of these, we need to complete Company financial audits, SSG equipment upgrades, FDA regulatory filings, upcoming 2018 SSG patent fees in the amount of $3,780, new provisional SSG/Implant patent filings, etc. etc. The goal is to raise up to $300,000 for the rest of the year - the next 12 - 18 months, primarily from existing Mekanika shareholders. For this purpose, and to avoid diluting Mekanika’s Shareholders, I have retired 600,000 of my Mekanika shares to the Company’s Treasury, to be sold at $0.50/share to existing shareholders only. – See Figure 3 for a breakdown of the $300,000 financing.



When we receive Foundation funding or a large equity investment, the Company will provide a means by which existing Shareholders, who need to, or want to, sell their shares to existing shareholders or to new investors; for example: “Over the last several years, stockholders/shareholders in many private companies have participated in so-called “liquidity rounds”, sometimes referred to as secondary sales, in which they sold all or a portion of their shares for cash, long before (and regardless of whether) the company ever goes public or is acquired.”

With an average investment now of between $1,500 and $5,000 per Shareholder, for example, we can meet the $300,000 goal outlined in the Shareholder Update. We really need Shareholder support to build value in the Company over the next 12-24 months while we seek Foundation and VC investment for the Ortho-Gnostics Project.


FUNDING RAISED TO DATE: = $65,000


and,


"Sitting on the Fence" ≥ $55,000.

I could really use your participation in the $300k Shareholder Financing to help insure a significant return on your entire investment. If you wish to purchase Mekanika shares at $0.50/share, please click on the following link for the document titled: SHAREHOLDER INVESTMENT &_CONTACT INFORMATION FORM, print it out or download it to your computer, fill it out, and mail it, along with your check made payable to Mekanika, Inc., to:

Mekanika, Inc.,

1501 SE Decker Ave Suite 107

Stuart, FL 34994

I will follow up with a Mekanika Shareholder stock certificate in your name, or the name that you request, as listed on the investment form.



104 views2 comments

Recent Posts

See All

2件のコメント


Jacques de Vaucanson
Jacques de Vaucanson
2020年8月24日

Update on Shareholder Financing please and Company sale date.

いいね!

David C Holmes
David C Holmes
2019年7月23日

Dear Shareholders; feel free to comment on the above subject; including any ideas/suggestions that you may have. If warranted, I will respond in the post but I would like as many Mekanika Shareholders as possible to participate.

いいね!
bottom of page