RE:RE:RE:(Price going to 0.005 CAD) See My Old PostNeither you nor I am a good in understanding this type of legal document. But think this: the TFs CEO/CFO/Layers are not stupid ba das a m atter of fact they are smarter than many. Do you think if they try to “buy” another company and they will make their own stock/money to leas than 1/10th of the value today? Simply NO WAY.
here I copied another friend asked and received from TfS directly. As i indicated earlier, this numbers in LOI does not directly reflect the stock price
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1. TFS shares will consolidate 200 to 1. So if the share price is 0.07 cents when it consolidates, you'll own 1 share worth $14. 2. Telferscot Resources will buy out Canntab shares at a rate of 4 TFS shares to 1 Canntab share. This has NOTHING to do with our TFS shares. It's how Telferscot is acquiring Canntab. Here, 1.6.1 is most likely correct about Canntab wanting to use TFS to go public. Read his/her post. 3. Canntab will raise $5 million by issuing 1,250,000 of their own shares much like a PP (possibly even a PP). The $4 price is set to attract investors and does not reflect the actual share price. It's usually set lower so investors will earn their money back. Again, this has nothing to do with our TFS shares but a condition of acquiring Canntab. 4. The 24.4 million shares resulting is a combination of the existing TFS shares (consolidated 200:1) and the acquired Canntab shares. <snip> onepointsixone wrote: Right. And then I corrected myself in my other post because I realized I was wrong.
I explained very clearly that 0.005 is the share price, based on a valuation of 100M for Canntab and the LOI that outlines how the current TFS shares will be converted into Canntab shares. If you can provide me with your understanding of what the LOI says and how it will affect current shareholders of TFS, I would love to hear it. But you are not providing me with this explanation. You are just saying I am wrong.
Good.
We will see.