GREY:FFRMF - Post by User
Comment by
gwizardon Apr 25, 2019 12:19pm
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Post# 29669898
RE:BCWC - NOVAFARMS
RE:BCWC - NOVAFARMS"Future Farm made its investment by loaning BCWC $5,003,100 under a Secured Convertible Promissory Note. That Note will convert automatically into a 51% ownership interest in BCWC on the date on which BCWC receives its RMD Certificate from the Commonwealth of Massachusetts. If the Note does not convert, it is due and payable in full on May 1, 2019"
Anyone smarter than me can explain this? Do they need to get their license by May 1st? If note does not convert, do we still own 51%?