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S.A.F.E. Certificates finally Available
S.A.F.E. Certificates are a “simple agreement for future equity”. On our class 3 shares we will allow people to purchase the right to convert the S.A.F.E. certificates to Class 3 shares. Holders do not actually own shares, and do not receive dividends. The conversion to common stock can happen at any one of three events. (it is possible that no triggering events will occur). We have allocated 250,000 Class C Shares for the S.A.F.E. program.
Trigger 1. If the company is sold.
Trigger 2. If the company elects to go through another investment funding round.
Trigger 3. (this is our goal) Complete an I.P.O.