RE:5.94 ml refundThe best case for VFF through the arbitration process now is to have the 5.9M shares cancelled, not allocated back to VFF. They have no ability under this arbitration process to get those shares and that leaves VFF currently with around 54% ownership before the Jan payment.
| | | VFF | | EMH | | Total |
| | | | | | | |
| Delta 3 | 20,000,000 | | 20,000,000 | | 40,000,000 |
| Delta 2 | 25,000,000 | | 17,410,000 | | 42,410,000 |
| | Nov Pmt | | | 0 | | 0 |
| | Dec Pmt | | | 940,000 | | 940,000 |
| Total | 45,000,000 | | 38,350,000 | | 83,350,000 |
| Ownership (%) | 53.99% | | 46.01% | | |