VMS VENTURES INC. VMSTF

RE:RE:RE:Clarification on alternatives

[Happychucky123]

Horta wrote: It impacts others because there is only a limited amount of shares and cash that RNC is willing to put into the deal. 

Available Cash Amount $3,507,000
Available Share Amount 36,000,000

RNC is only providing 36,000,000 shares and 3,507,000 cash for the deal.  And as per note 2 and note 3 in the letter "if the elected share/cash amount exceeds the available share/cash amount, then,"  basically you get shares and cash.  Since 36 million shares represents 0.245765 of the outstanding shares of VMS, unless someone takes the cash option there are no more shares available and the shares option defaults to the shares and cash option.  Understand now how other peoples decisions can in fact impact what you get in this deal?

It is the "subject to adjustment as detailed in the Circular" part of Alternative B that most people are ignoring.

Horta

Thanks for the info. I guess we will get the cash/shares even if u elect the shares only.  Surprised company would rather not have the cash but it is expensive at the current rnx price.