New deal Let me tell everyone the real plan here.
First, they say Quintet, the company they are merging with, is in the database management area of medical weed. They say they have 3500 names. But really those names come from a dispensary one of the directors owns in Vernon, BC.
And folks, that's all Quintet has right now! A list of 3500 pot heads! Go to Quintet website. For a company involved in online data management, their website is lame
Second, look at the terms of the rto. 500k in cash and 25 million shares. Value those shares at the 25 cent pp price and that values Quintet and their 3500 person list, at 6.5 million bucks! Does that make sense to anyone?
Of course not. Take a close look at the company directors. One guy is currently applying for a weed production licence. The other director, who owns the dispensary says he is also the CEO of a production license called Utopian Enviromental Consultancy. I googled but couldn't find any info.
So obviously they will be putting one or more of these deals also into Csc. Could be a pretty good story. Maybe it's easier to get exchange approval for the change of business by going this route.