Post by
AnalogueMan on Sep 09, 2020 12:44pm
Deal for Hydrix should be closing ~end of this month ...
Might be interesting to see what happens ..
.
VANCOUVER, BC / ACCESSWIRE / July 29, 2020 / World-Class Extractions Inc. (CSE:PUMP) (FRA:WCF)(OTCQB:WCEXF) (the "Company" or "World-Class")is pleased to announce that a company in which World-Class holds a 50% equity interest, Cobra Ventures Inc. ("Cobra"), has entered into an agreement to acquire a senior secured convertible debenture of HydRx Farms Ltd. o/a Scientus Pharma ("HydRx") in the principal amount of CDN$11,500,000, plus accrued and unpaid interest and charges (the "Debenture") from a leading Canadian Licensed Producer, subject to certain closing conditions. Cobra is purchasing the Debenture for CDN$5,000,000; closing is expected to occur within 60 days. The Debenture is secured against the assets of HydRx. HydRx is currently in default of its obligations under the Debenture.
Comment by
AnalogueMan on Sep 13, 2020 10:06am
Ninty-six reads since I posted about the agreement to aquire the Hydrix convertable debenture soon to be closing - no comments, no questions, no speculation, no hope, no critial thoughts ..... NADA. ..........................well, I guess that says something.
Comment by
GoneBroke on Sep 13, 2020 3:25pm
Like Cancheckreality said ... we have team of BOD's who are pretenders that have a history of failure to execute at any level . Sadly , it's difficult to argue with that ! Now we have investors who just wish to get out of this dog and can only hope and wish for some sort of miracle pop to allow them to exit with more than 2 cents a share .
Comment by
AnalogueMan on Sep 14, 2020 4:31pm
THANKS GB; Sounds as good a possibily as any. ?????
Comment by
LorneMich on Sep 15, 2020 3:47am
One thing I did notice is 1130 Champlain was for sale when this news release came out... and now it's not longer on realtor.ca