RE:Acquisition looks goodNo transaction purchase price has been revealed and maybe someone could explain what this means;
For the purposes of the Transaction, the share component of the consideration will be valued at the higher of (i) the closing price of the shares on the date prior to their issuance and (ii) US$1.00 per share. Zoomd did not assume any of Albert’s debt and no finder’s fees were paid or are payable in connection with the Transaction. All shares to be issued pursuant to the Transaction are subject to the prior approval of the TSX-V.
Are they saying on closing, the shares of ZOMD will be valued at min. $1 USD for purpose of purchase value using ZOMD shares. I hope there is a very high share component for the purchase price.