CVR Medical Corp V.CVM.H

RE:The **** show continues

[ICT1111]

The way we saw it was as per the Nov 2019 deal...... (all numbers approximate)
Global get 38m shares, Medical have c90m shares. Quick fund raise (or loan) to pay for AGM C$350k at 10c is extra 3.5m shares.After AGM confirms unemcumberred path to market, new BOD, and therefore new path forward further C$5-5.5m raised at 35c is in region of 16m extra shares totalling say 20m extra. Global have a 7% royalty on hardware and 3% on renewables. So, give or take, Global would have 38m shares out of c148m ie 26% ...... the group were optimistic that funding could be found amongst current sharholders.

The new proposal..... Global get 57m shares plus 25m warrants (of no use in fund raising as will only be exercised when well 'in the money') totalling 82m. Medical have c90m shares..... but money needs to be raised and the warrants have created a huge overhang in the market and set benchmark of 10c so the fund raise realistically needs to be around 5c. To raise the C$6m needed that is 120m new shares so Global end up with 82/292 or 28% of the shareholding BUT THERE ARE NO CURRENT SHAREHOLDERS WILLING TO TOUCH THIS WITH A BARGE POLE........UNFUNDABLE

The MORONS who have put this together have effectively argued for a deal that is unfundable  against one that is and all for an extra 2.5% of the shares......

UNF***ING BELIEVABLE.....