CEO Frank Murtha on August 22, 2022, announced that Major League Football (OTCMKTS:MLFB) has received an extra $5,000,000 Stock Equity Term Sheet from another institution.
Trading Data
On Monday, MLFB stock soared 19.57% to $0.0027 with more than 103.26 million shares, compared to its average volume of 22.70 million shares. The stock moved within a range of $0.0026 – 0.0033 after opening trade at $0.0032.
MLFB Announces $5,000,000 Stock Equity Term Sheet Announcement
Major League Football on August 18, 2022, announced receiving a $2,500,000 Stock Equity Term Sheet from an institution. The firm is moving forward with plans on paying obligations incurred even as it prepared for an entire season of Spring football in 2023. The team is dedicated and intact to the goal. In addition, the company and financial advisors are reviewing the term sheet. It anticipates the third proposal from an earlier investor.
MLFB Announces New Stock Equity Term Sheet
Major League Football President and CEO announced on August 18, 2022, announced plans on canceling the rest of the training camp for 2022, even as it moves ahead with operations for a complete season for the next year. The firm received an initial Stock Equity Term Sheet from an institution for the amount of $2,500,000, which is being reviewed.
The firm is intending on paying all obligations incurred for trade obligations and player expenses. Major League Football’s staff is dedicated to the plans. The company is expecting to get extra financing offers in near future. This is being seen from institutions that have invested in the firm earlier.
Technical Data
MLFB stock is trading below the 20-Day and 50-Day Moving averages of $0.0054 and $0.0146 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0197. The company has a total market capitalization of $1.68 million. The stock is down 86% over the past month.
