OTCQB:EMHTF - Post by User
Comment by
rrrrrrrrrrrron Dec 15, 2019 4:37pm
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Post# 30457204
RE:RE:RE:RE:RE:RE:RE:RE:What a bunch of fraud BS
RE:RE:RE:RE:RE:RE:RE:RE:What a bunch of fraud BS The supply agreement between EMH and PSF does not force EMH to buy 25% past 2019. The same way it did not force EMH to buy 40% in 2019. The agreement gives EMH the right to purchase up to those amounts. That is a benefit to EMH that PSF must support.
The penalty in 2019 is a result of the take or pay clause and yes EMH will get stung with around $15M in 2019. The real impact to EMH will be approximately 50% of that (depending on their final ownership in PSF). This is a benefit to PSF.
The supply agreement has in it a provision to re-negotiate the price past 2019. They have done this (call VFF and they will confirm this). You can see on page 12 of the VFF presentation that price is expected to be "prevailing market price". You can multiply any amount of kg's x $0 and the result is still $0 exposure to EMH past 2019.