RE:Till Capital Ceases to be an Insider of DeepMarkit CorpWhen I read that I tried to figure out if it's good , bad or neither of the above.
Certainly not seeing a lot of love for the company's shares right now.
Hoping they're building a ginormous customer base.
easycoder wrote:
HAMILTON, Bermuda, Oct. 10, 2017 (GLOBE NEWSWIRE) -- Till Capital Ltd. (Nasdaq:TIL) (TSX.V:TIL) ("Till") announces that warrants ("Warrants") to purchase 3,000,000 common shares ("Common Shares") of DeepMarkit Corp. (TSX.V:MKT) ("the "Issuer") at an exercise price of $0.10 per share previously held by Till, indirectly through a wholly-owned subsidiary, expired unexercised on October 9, 2017. Following expiration of the Warrants, Till has control or direction over 5,532,500 Common Shares and Warrants to purchase 1,500,000 Common Shares of the Issuer. If all of the Warrants held by Till are exercised, and assuming no other exercise of convertible securities of the Issuer, Till would have control and direction over approximately 7.79% (on a partially diluted basis) of the 88,777,733 Common Shares of the Issuer currently outstanding, and as a result, is no longer considered a reporting insider of the Issuer. Prior to the expiration of the Warrants, Till had control and direction over 5,532,500 Common Shares and Warrants to purchase 4,500,000 Common Shares. If all of Till's Warrants were exercised at the time, and assuming no other exercise of convertible securities of the Issuer, Till would have had control and direction over approximately 10.76% of the Issuer's outstanding Common Shares (on a partially diluted basis) as at August 25, 2017