RE:Binery Derivative???CVR A right attached to a stock entitling the holder to the difference between the share price and some stated amount of money (Arbitration settlement) should the share price not exceed that amount in a given period of time.
A CVR is a custom designed form of warrant, i.e. an Option related to acquisition of shares with a “first in line” rights to any “amount of money” (Arbitration award) based on a contractual percentage of share ownership of the said company. With Tenor/Amber/Paulson/Anna & two other shareholders (initially before the CVR redistribution to minority shareholders) holding 51% of Eco Oro. Whether defined by number of shares OR the majority of 51% as per second tranche of July contract. The CVRs are additional insurance for the Right's Holders (Tenor, Amber, Paulson & now any minority shareholder who has bought into the secondary CVR Agreement. Which encompass & surpass common shares. Essentially banking on a very large payday in the Arbitration process which runs parallel to the PPS.
Thus we clearly have a solid case for share appreciation once damages are declared by Freshfields/EOM that seeks to blend & elevate the PPS combined with the positive prospects of winning the Arbitration award.
What baffles me most is the absolute silence from EOM/BoD for quite some time??? If it were just a PR releasing the damages amount, that would have been announced quite some time ago, but no word to be heard??? Something else is under wraps behind closed doors at this point.