To Reiterate ...Aperto also issued US$400,000 of secured promissory notes on closing which will be convertible into common shares of Tranzeo if not repaid within 60 days of closing of the Merger at a conversion price equal to 83.33% of Tranzeo's market price at the date of the Merger.
Also note that following the close of markets today, it would-be 5 days and counting.
Where is that Cannacord/Genuity analysts.
Doesn’t anyone want to emphasize forl bulletin board readers that those Cannacord representatives could-be perhaps expect to arrange for and handle some financial banking transactions on behalf of Tranzeo Wireless Technologies/Aperto within the next 6 months.
I don’t know about how you’d feel about being issued shares at a conversion price equal to 83.33% of Tranzeo's market price at the date of the Merger; and then standing by only to have the approximated value of such previously issued shares somehow devalued, due to a pricing of some future offering of shares to the market.
One can tell you that one would not be pleased (and that would be stating it far too mildly, eh).
Once again, provided that ones calculations are not 4 days off the mark (yes, I had been off the mark previously), it "would-be" 5 days and counting.
What say ye 403xyz1 et al?
Sherbet2
PS: Hmm; is that within 60 days from the April 16th, 2010, a.k.a. the completion date during which the final “closing” of the merger with Aperto had indeed taken place