Chalice Brands Ltd CHALF

RE:RE:RE:RE:RE:RE:RE:RE:RE:GLH INVESTOR PRESENTATION 2016

[RenRok]

Yikes presley....if you are going to make comment about  that financing please try to understand what you are taking about first. You are clearly clueless.

I will try to explain it so you can understand.

Miller bought 1m shares and warrants for $1 million. Over the next couple years he has the option to buy 3 million more shares and warrants for $3 million US.

All shares are $1 US
All warrants are .50 US

If Miller exercises everthing he will have put in $6 million US for 8 million shares at an average price .75 US = $1.09 CDN.

LOL our superstar chairman is putting in his own cash at about 40% higher price than currently trading and you think they  "hope people dont look at this"

WOW. Where do these fools come from.

presley1000 wrote:


https://www.cnsx.ca/cmsAssets/docs/Filings/2015/2015_10_13_13_58_28_GLH_CSE_FORM_2A_LISTING_STATEMENT.pdf

On September 15, 2015, GLH entered into a subscription agreement with Chairman and director, Rick Miller (the “Miller Subscription Agreement”), for the acquisition by Mr. Miller of 1 million GLH Shares and three special warrants (the “Special Warrants”). Each Special Warrant is exercisable by Mr. Miller at an exercise price of USD$1 million up and until September 30, 2018 into units of securities, each unit comprising of 1 million shares of GLH and one million common share purchase warrants of GLH (“Underlying Warrants”). Each Underlying Warrant is exercisable into one GLH Share at an exercise price of USD$0.50 for a period of three years. Upon completion of the Transaction and in accordance wit their respective terms, the Special Warrants and the Underlying Warrants are exercisable into Issuer Shares On September 30, 2015, Mr. Miller did acquire 1 million GLH Shares for an aggregate purchase price of USD$1 million the “First Tranche”). Upon the satisfaction of certain conditions, GLH may require Mr. Miller to exercise the first Special Warrant within 30 days of the completion of the First Tranche. After the exercise of the first Special Warrant, the Issuer may require Mr. Miller to exercise the second and third Special Warrant at any time after September 30, 2016, provided that certain conditions are satisfied; In accordance with the terms of Don Robinson’s employment contact, Mr. Robinson is entitled to receive 2 million Issuer Shares in equal installments over 36 months on the last day of each calendar month, commencing June 30, 2015. To date, Mr. Robinson has received 222,220 Issuer Shares and may earn an additional 1,780,000. All of the non-earned shares would become immediate payable to Mr. Robinson if his employment is terminated without cause or there is a change of control.

So a million dollars got him a million shares and 4.5 million warrants?  On the surface I was cool with it, but usually a pp gets you much less in warrants.  This guy is a venture capitalist, so he probably knows how to structure it into something worthwhile.

His not-fully-disclosed employment contract give him 2 million shares over 36 month.  That is about 55,556 shares per month or at todays price close to $40,000.00 in share value a month. This guy is an allstar at that valuation.  Even at .50 a piece they will have funnelled him enough money over the 36 months to pay off the original purchase. 

I still don't know what to think.  Maybe they hope nobody looks at this stuff?