Jul. 3 at 3:52 PM
$CHUC Great information @dentist80 . I believe many retail investors don't understand what 678 PMTAs actually cost to maintain and amend, let's break it down:
Each PMTA amendment requires:
-
$100K+ in new scientific and behavioral studies
-
$10K-
$50K in regulatory and legal fees
- plus internal labor.
Adding age-gating hardware (the IKE Tech integration) triggers all three categories simultaneously. This isn't paperwork, it's a six-figure commitment per meaningful amendment across a large portfolio.
So who funded CHUC's age-gating PMTA amendments? Not a dilutive Wall Street financing. Not a convertible note with toxic terms. Not outside investors getting a sweetheart deal. Insiders did. Officers and directors opened their own wallets in February 2026, a common-only placement at
$0.20, no warrants, no inducements. Henry Sicignano and Ryan Stump personally bought in alongside outside investors. Their money is now sitting in the same regulatory process their decisions control.