RE:RE:Oh Boy!!!
Evidently, one can conclude that the majority of debenture holders did not agree to forebear default.
Looking back, the number of insider sales in the "Early Warning Report", were a possible indicator but only a few insiders sold in the past three months but these transactions were significant and mostly by 9369-5864 Quebec, Inc.
Overall, the current outcome is unfortunate for many (employees, vendors, shareholders) and comes at a time when NuRAN seems to be about to make in roads in a market that is emerging providing a solutions that is essential to many.
To which extent did the Convertible Debenture agreement prevented NuRAN to raise funds before it was too late? Especially because this was done in the past in both 2018. and 2019, just prior to the due dates.
For now, options are: "restructuring, completing an equity or debt financing, or the sale of the Company’s asset". We'll see.
Evidently, one can conclude that the majority of debenture holders did not agree to forebear default.
Looking back, the number of insider sales in the "Early Warning Report", were a possible indicator but only a few insiders sold in the past three months but these transactions were significant and mostly by 9369-5864 Quebec, Inc.
Overall, the current outcome is unfortunate for many (employees, vendors, shareholders) and comes at a time when NuRAN seems to be about to make in roads in a market that is emerging providing a solutions that is essential to many.
To which extent did the Convertible Debenture agreement prevented NuRAN to raise funds before it was too late? Especially because this was done in the past in both 2018. and 2019, just prior to the due dates.
For now, options are: "restructuring, completing an equity or debt financing, or the sale of the Company’s asset". We'll see.