Jack Nathan Medical Corp JNHMF

$3M Payments to Insiders?

[FunkyColdMedina]

I just read the post below -  $3M payment in upcoming payments to insiders is ridiculous for a company with only a few mil in cash - Unclear how this would be paid? Basically all the money they would get from warrants (i believe are forced converted mid next week if it stays above $1, can someone confirm) will be going to pay the execs? Not fund the business? 

Also the report of CEO buying is just as ridiculous - bought a measly 20K shares over last few days from what i saw posted online which should signal they arnt in a blackout and quite possibly have no immediate news coming otherwise not sure how he would be buying

GLTA and DYODD

[lscfa]

I guess this will pay for it....   Jack Nathan Medical Announces Acceleration of Expiry Date of Outstanding Warrants   TORONTO--(BUSINESS WIRE)--October 29, 2020--Jack Nathan Medical Corp. (TSXV:JNH) (“Jack Nathan Health” “JNH” or the “Company”) a provider of primary care medical clinics located in Walmart® Supercentres under the Jack Nathan Health® brand, today announced

[Grinded]

During the pre merger. The family, friends & investors get a chance to invest into the pre ipo and get warrants at a certain price that must be exercised (bought) at a certain price with in 2 years. They now put a dead line on this purchase for the end of next November. JNH with have money coming in from all these warrants nothing was given for free.

[Grinded]

*end of November* sorry!