GREY:ICOTF - Post by User
Comment by
G1945Von Mar 23, 2021 3:09pm
146 Views
Post# 32859658
RE:RE:RE:RE:RE:Think it reads Satellos gets 60 shares of ICO
RE:RE:RE:RE:RE:Think it reads Satellos gets 60 shares of ICOActually, they will need our vote. The general public owns ~147 Mil + shares, that's about 95% of the common shares outstanding. So management needs shareholder's support and approval. How that will take place and when is the big question.
"The completion of the Arrangement and related transactions is subject to the approval of (i) the Exchange, (ii) 662/3% of the votes cast by iCo and Satellos shareholders, respectively, and (iii) of the Supreme Court of British Columbia."
The terms of the arrangement are not that easy to follow and to understand. I hope they will simplify it at some point.
G1945V