OTCPK:TNGZF - Post by User
Comment by
nkbourbakion Mar 13, 2018 11:49am
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Post# 27706889
RE:RE:RE:RE:This has to be a joke
RE:RE:RE:RE:This has to be a jokebabedinkleman wrote: I'm thinking if this disaster of a deal wasn't already all worked out.... GRC management would have been screaming from the rooftops about that FIXT buyout....and IPO with at least a PR etc.....unless it didn't make them any money...not sure.
Probably didn't want to give the stock a penny or two pop and have to re-jig the terms of the merger....too much work when you've clearly just given up.
FixT was a small investment - only $125k from Grenville, matched with another $125k from their JV partners. (Speaking of which, no word on that partnership in a while.) So I doubt the contract buyout is a material sum. That said, they likely saw a pretty good IRR on this one, since their initial investment was last April.
Did some digging on Clear Blue. They're in the midst of an RTO with a TSX-V shell called Dagobah Ventures. Curiously no news from Clear Blue itself. I only found this via search on Sedar.