OTCQX:SREMF - Post by User
Post by
mo1975on Jan 14, 2014 9:23am
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Post# 22088268
observation before vote
observation before voteI beleive that the vote will go through with no problem as it seems the best action to lift both companies. The premium paid to acquire the sim shares is in fact non existant as sim 10 million dollars receivable from clq will be absorbed in the merger. This in fact represents .05 cents per share on a post merger. I beleive it represent the 1.17 share of clq given to the sim sh.
If the merger is voted down this loan bearing 11% interests rate would in fact be another issuance of clq shares to sim holder or called in.. pending of the value of the clq shares at the time.
I have a question that i could not answer in my reeading of the circular... it is concerning the outstanding warrants of each companies.... it is stated that the outstanding stockoptions will also be reversed split... but there are no mentioned of the warrants... are they also affected by the reverse split?? i would think so , however when not in writing !!!!
lithium being the future... new management..... i am excited for the long run on this merger...