the complete nr makes absolut NO sense for the former zecotek shareholders, absolut NO sense!
birdview has NO advantages to agree a takeover if ZIS and ZDS are sold prior a takeover!
there is only one beneficiary and that is faouzi!
and there is another very very huge dilution with this new financing of CDN$ 4.000.000.-.
it looks only prettier after the 40:1 consolidation.
the whole disaster already shows the division after this whole nonsense:
former shareholders of BirdView will hold approximately 72% of the shares of the (new) Company
existing shareholders of the Company will hold approximately 7.8% of the shares of the (new) Company
Subscribers in the Bridge Financing described below are expected to hold 5% of the shares of the (new) Company
subscribers in the concurrent financing described below are expected to hold the remaining 15.2% of the shares of the new (new) Company.
But remember:
the former shareholders of zecotek (with ZIS and ZDS) have after the transaction
7,8% of birdview (without ZIS and ZDS) and this is NOTHING, 7.8% of nothing.
and it is typical of faouzi to lures the former shareholders with numbers that stimulate the imagination and have nothing to do with reality:
"Luis worked as a product owner of an IT platform in Scandinavia with annual revenues over !!!!!€1.3 billion!!!! (WOW!!!!). He led cross-functional teams of SaaS Web Performance for more than 800,000 customers worldwide. He also led the development of a cloud-based Asset Management System that received Windows Azure ISV Partner of the Year Award from Microsoft."
The intention of all this nonsense is to fool the old shareholders and get rid of them. none of you, as expected, understands all this nonsense. you can only be sorry.