Post by
whisky11 on Nov 18, 2020 9:38am
Namaste has the option of paying in cash
...Namaste has the option of paying any of the Purchase Price and any Earn-Out Payment (if any), in cash, subject to a five percent discount...
...the cash payment option allows Namaste to minimize dilution associated with the acquisition...
The remaining Purchase Price of $2,425,500 is payable to the Vendors in equal tranches over the next nine fiscal quarters beginning on the fiscal quarter ending February 28, 2021,
Comment by
randomtask on Nov 18, 2020 9:42am
they have no cash, so plan on it being dilution.
Comment by
Boilermaker79 on Nov 18, 2020 9:45am
Whisky, they just diluted us today by "$1,608,500" common shares