OTCQX:HBORF - Post by User
Comment by
upinzmokeon Aug 14, 2018 12:21am
162 Views
Post# 28454663
RE:The Big Picture
RE:The Big Picture So BUDD shareholders of 50 million shares, will be just under 20% of the outstanding new shares after the transaction.
So as shareholder we will need clarification of the deal,
They have said Harbourside value is $200 million ,and the shares they recieve
will be valued @$0.165
yeah I do Not get thier math!!!!
Following completion of the Transaction, current shareholders of Harborside are anticipated to hold in excess of 80% of the common shares of Lineage upon completion of the Transaction (the “Resulting Issuer”). The Resulting Issuer is expected to operate under the name “Harborside, Inc.” The Transaction will be a "fundamental change" under the policies of Canadian Securities Exchange (the “CSE”). Lineage will file an application to the CSE to approve the Transaction and for the Resulting Issuer to continue trading on the CSE. Lineage will be calling a special meeting of shareholders to approve the Transaction and related matters and will be filing a management information circular containing disclosure on Harborside, Lineage, the Resulting Issuer and the Transaction which will be provided to the Lineage shareholders prior to the shareholders' meeting.