RE:RE:RE:Newco formerly RLTY.U.... conversion "at the lesser of $2.50 per common share or a 20% discount to any concurrent financing completed by MichiCann " Interesting info...so to get the conversion 2.50$, the financing must be worth at least 3.125$ or higher (because -20% = 2.50$) otherwise the conversion will be lower than 2.50$ (from financing price discounted 20%)!!! Hope that will be higher than 3$ than near the 2$ range!!! Good luck!!! Read more at https://stockhouse.com/companies/bullboard?symbol=c.rlty.u&postid=29378364#9F9zdZtWEhwKBXuL.99
SavvyDude wrote: I believe according to the news statement that they are rasing money at
"
Tidal will advance CA$15,000,000 to MichiCann in the form of a secured convertible debenture convertible into common shares of MichiCann at the lesser of $2.50 per common share or a 20% discount to any concurrent financing completed by MichiCann in an alternative transaction should MichiCann fail to complete the transaction contemplated by this LOI. "
So we are seeing a min. of $ 2.50 a share. However, I see the opening price being much higher if Michicann recieves finacing from tidal at $ 2.50 a share price. In theory, opening price should be above $ 3.00 USD dollars on opening. Hopefully higher, and a price range into the $ 4, 5, or even $6.00 range.