Emblem Corp EMMBF

RE:Up In Smoke

[Seraphim1]

dustymac9 wrote: < just had to sell it all today (warrants too), why look a 'gift horse in the face' ? on to the next one...

 

 

Huh? How did you mange that when they have a 4 month hold and the warrants a one year hold? In fact as of today the subscription receipts have yet to be converted into shares and warrants...so are not sellable.

 

"Each subscription receipt will be automatically exchanged (without payment of additional consideration or action on the part of purchaser) into units consisting of one common share of the company and one-half of one common share purchase warrant of the company upon the satisfaction of the escrow release conditions. Each warrant will be exercisable into one share at the exercise price of $1.75 per share for a period of three years from the closing of the transaction. The subscription receipts and all underlying securities are subject to a four-month statutory hold period in accordance with applicable securities laws. The shares issuable upon exercise of the warrants will also be subject to a 12-month contractual hold period commencing on the date of closing of the transaction."