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Global UAV Technologies Ltd C.UAV

Alternate Symbol(s):  YRLLF

Global UAV Technologies Ltd. is a diversified, vertically integrated drone technology company within the commercial Unmanned Aerial Vehicle (UAV) sector. The Company, through its wholly owned subsidiaries, provides a full range of UAV-based services and products, including production, research and design of professional grade UAV’s, geophysics and remote sensing survey services, and regulatory consulting and management. The Company's subsidiaries include Pioneer Aerial Surveys Ltd., High Eye Aerial Imaging In., UAV Regulatory Services Ltd, and NOVAerial Robotics Ltd.


CSE:UAV - Post by User

Post by StockMagicianon Jun 15, 2018 2:08pm
125 Views
Post# 28178990

I'm not clear about what is going on

I'm not clear about what is going onIf Michael Burns is planning to take up 5.3M or so units of the offering, is he the insider who the earlier news release referred to as someone who will be taking greater than 25% of the offering?  Or is there another insider that will also be taking >4M units?

I'm thinking it is just Michael Burns, but when the previous news release came out, it only mentioned him having sold 3.325M shares with the intention of buying them back.   That would have been less than 25% at that time.
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