Frankly FRNKF

lockup ending

[wealth2015]

"...All of the securities composing the stock consideration will also be subject to a lock-up agreement. The lock-up period with respect to securities representing 50 per cent of the value of the stock consideration will expire upon the first anniversary of the closing date of the transaction; and the lock-up period with respect to the remainder of the stock consideration will expire upon the second anniversary of closing of the transaction...."

we'll see soon if they are selling at big discount to share value assigned year ago

[Joe454]

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[lscfa]

You sound like a basher....all those share are held by 3 strategic investors so I doubt a single share will be for sale......Gannaway Entertainment, Inc., Raycom Media Inc., Liberty TV Group, LLC 

[lscfa]

p.s.   The strategic shareholders also own the $15 mil US notes....more likely they convert the notes to shares at current stock price for a big average down in their total holdings.....

[Joe454]

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[lscfa]

... it is obvious from the NR and..... 14. (iii) In connection with the acquisition of Worldnow (Note 7), the Company executed promissory notes, bearing simple interest at a rate of 5 percent per year, to pay an additional $15 million in cash on August 31, 2016. The holders of the promissory notes also hold equity in the Company. Interest expense on the promissory notes amounted to $250,000 for

[Joe454]

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