Finally..., TBRDFrom @tommy on CEO.com:
Thunderbird Entertainment $TBRD Filing Statement posted to SEDAR: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005830
This is the key due diligence doc for the deal at nearly 400 pages. Its publication suggests that TBRD will commence trading shortly, pending approvals.
I had a quick rip through the document and have taken some notes.
46,429,263 resulting issuer shares
51,646,146 fully diluted
Roughly 10 million shares in the free trading float consisting of 5,125,000 sub receipts sold at $2 per sub receipt, and 3,329,925 shares held by $GGS shareholders, and others.
25,297,353 shares subject to pooling agreement. 10% free-trading after 3 months, then 15% every three months
11,363,235 shares subject to other pooling agreement: 10% on effective date, and 15% ever 3 months
$16,657,315 Resulting Issuer estimated working capital
Principal Use of Funds
Costs of Financings and Arrangements $382,490
Build infrastructure and geographic expansion for Atomic Cartoons $2,000,000
Expansions of Great Pacific Media operations in the United States and Europe $3,000,000
Acquisition of intellectual property $1,500,000
Unallocated funds $9,774,825
Total $16,657,315
Notable insiders:
Director Frank Giustra holds 7,173,434 shares or 15.45%
Director Azim Jamal holds 2,969,706 shares or 6.04%
President and Director Mark Miller hols 2,010,000 shares or 4.33%
Executive Chair and Director Ivan Fecan owns 1,868,889 shares or 4.03%
COO and Director Cameron White holds 1,688,889 shares or 3.64%
Vice Chair and Director Tim Gamble holds 1,638,889 shares or 3.53%
Director Frank Holmes holds 1,176,470 shares or 2.53%
Director Brian Paes Braga holds 1,149,088 shares or 2.47%
Risk factors on P. 70 - 81. Must read cold shower on the deal.
Financial statements for Thunderbird start on P. 145, management’s discussion of the business starts on P. 184.
I have a close friendship with TBRD founder Tim Gamble and other directors and am biased to see them succeed. Thunderbird is not a CEO.CA client or advertiser but I am a shareholder. They asked for my input and I was glad to comment on an awesome short film about TBRD they are working on for the TSXV launch. Watch for that.