RE: RE: RE: pure speculation BJActually today's news release states both but with this caveat ...
IBI's Position
Based on the merger with Sereno with the availability of the estimated $700,000 of initial capital available to the restructured Grey Crown as a listed public company on the TSX Venture Exchange, IBI 's ownership position will be 18.9%, subject to further potential dilution based on additional financing and further transactions contemplated.
The Company anticipated dilution of IBI's ownership position in a future public listing of Grey Crown. Accordingly, over the past two years, IBI increased its ownership position in Grey Crown by almost 50% during Grey Crown's private company phase.
Moreover, although IBI's percentage ownership position is reduced under the proposed transaction, the actual value of IBI's position increases substantially with the augmented share capitalization of the restructured Grey Crown and the attendant increase in value.
...
When Grey Crown was first incorporated we were told repeatedly that IBI's position would NOT change and would always be at least 20% - BUT of course we were NEVER given the opportunity to see that agreement, so who knows what it actually says. Now we are told IBI knew it's position in Grey Crown would diminish ... funny how they never said that to their shareholders ... until now!!
SZZ.P price was pushed up in November and December from 5-cents - perhaps because it was manipulated higher in anticipation of this RTO. There is NO guarantee it will stay where it is ... nor that it will appreciate in value - but we shall see.