Satellos Bioscience Inc Com V.ICO

Arrangement Between ICO & Satellos

[beenthere]

As per previous posts I was totally against this merger but after seeing the material related to it I had a somewhat change of heart.

Sure I would like to see us have a bigger share of the pie than 27.7% but there are many factors involved to come up with a number that there is no way to try to arrive at a different number.

There is no way the average joe could figure out what is involved but I would point out page 131 which was very helpful and hellped win me over.

One of the issues I had was how the subscription receipts raised in March fit in with everything.
Well like I posted before my guess they would be subject to the 1 for 20 like everyone else and was correct.

And those shares become part of the new company's capital amounting to 13%. And the money raised by those receipts will mean we are cashed up to proceed with our business plan.

Nothing has changed with what ICO was doing so hopefully they will continue to move forward with their programs.

Satellos do seen to have a number interesting concepts on the go which could move quickly as well.

I am not planning to bother to vote on this resolution. The result being Management will vote my shares as they see fit.