Eureka 93 Inc LXLLF

RE:RE:RE:RE:Ripped off

[zen2twenty]

factualfox wrote: The "Independent Committees advisors" purposefully omitted to produce an opinion as to the fair viability of the merger for LVWL stakeholders. Are you saying that in the judgment of the board, the material going concern uncertainty of LVWL would best be solved by having the same people in the same office (Albert Street) dilute the public Co 15:1 to their private one which they assembled while on the payroll of the public Co? You must be f*kin kidding (or you're one of these people about to face securities fraud charges).

0. The board weighed factors reviewed by the Independent Committee’s advisors against the success of LiveWell Canada’s financings, reports from management of Vitality regarding projected growth and milestones, and LiveWell Canada’s material going concern uncertainty. Furthermore, in the judgment of the board, there was a risk of bankruptcy or a requirement to sell LiveWell Canada at a price reflective of a distressed asset because the secured convertible notes issued during the first quarter of 2019 would become immediately due in the event that the Vitality Combination was not approved by LiveWell Canada’s shareholders. See Item 8 “Capitalization – Brokered Private Placement”. Accordingly, the board determined that the Vitality Combination was in the best interests of the corporation, unanimously approved the Vitality Combination and unanimously recommended that LiveWell Canada’s shareholders vote for the Vitality Combination. LiveWell Canada’s shareholders approved the Vitality Combination on April 11, 2019, with over 94% of casted voting shares voted in favour of the transaction.