CVR Medical Corp V.CVM.H

RE:Mathematics - Royalties vs Shares vs Control of Medical

[OleMule]

AQUA - Great Post.  Global owns/controls 37M shares of which 25M are still in escrow (unmet milestones) (Some at Global would have you believe a change in control happened so those have been released (BIG QUESTION), so your math is close but you can replug the numbers and get to the same place.  You are correct, most want to keep a blind eye to it.with the hopes that this comes to market with the hopes of getting a return on their investment.  If Medical has to swallow the $4-5M in Global debts that in itself will render the company unfundable as no new money wants their capital to walk out the door to pay for prior sins (investing 101) it also dramatically increaes the CAPEX but that same number.  The issuance of 30-45M more Medical shares (without a substantial lock-up) to Global so they can issue to their shareholders (keep in mind the top ten holders of Global I am told own 90% of the Global stock and they include Peter, Paul, Joe, Mark V and Tony) would also render Medical unfundable as without a lock-up they would be free to sell there shares into the market.  New money would be VERY reluctant as they would be at a disatvantage with the huge overhang (80+M shares) free to be sold.  Again investing 101.  So no matter how bad we want this device to come to market, as it sits as you state, even with the brightest of red lipstcik and the "we have learned our lesson" spin, its still a pig and the "TRUST" factor is totally being ignored by many on this board.