OTCPK:TRPXY - Post by User
Comment by
Fundy13on Jan 03, 2019 11:22am
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Post# 29181585
RE:Now we wait.
RE:Now we wait.And wait some more.
We have a pretty good timeline in place for something to happen based on the most recent financing arrangement.
The $1.5million they got in November will last them through the end of January, they also get another $500,000 upon termination of the HUGE deal, so that will give them until the end of Feb and then they get another $500,000 I believe on March 1 which will give them another month.
At the end of the day they need to have something else in place by the end of Q1. Giving that any aquisition/meger deals typically take 30-45 to finalize after they are announce we should be hearing something by March 1 at the absolute latest, otherwise it is likely either taking on some debt or issuing more shares.
They have a baseline, I believe of $8:00 per share from Huge(130million HUGE shares at current US price) , so if they can not do better then that, they could always go back to them. They may have backed out to give them the option to negotiate elsewhere, since they could not do that while in a binding LOI.
Pretty sure we still end up with $8/share or better.