RE:RE:RE:RE:VSBY webinar tomorrowThis post is very misleading...AND WRONG!!
Below are thedetails of issuance of the warrants for this agreement. There a currently 135M shares fully diluted and this deal would issue 15.5M warrants, 15.5m staged based on deployment @$.84...and once all the stages are complete, Modelo has 15.5M shares when excercised and VSBY has $13.02M , fair deal considering the advertising revenue which will be generated ongoing as well as the SAAS revenue when all the deployments are complete..
The additional 5M warrants will be issued at the market price on cpompletion of the milestones, use $1.00/warrant minimum considering the revenue generation at these mielstones, and that's another $5.0M on excercise.
So, while the dilution will be 15%, the need for any further dilution will be negated due to the cashflow at these milestones and the excercising of the warrants revenue.
THIS IS A GREAT DEAL, DON'T BE FOOLED BY NONSENSE POSTS!!
In connection with entering into the Agreement, VSBLTY has agreed to issue to Modelo 15,500,000 common share purchase warrants of VSBLTY (the “Warrants”). Each Warrant will be exercisable to acquire one common share of VSBLTY for a period of five (5) years from the date of issuance at an exercise price of at CAD $0.84 per share, subject to the following vesting conditions:
(a) 15% of the Warrants will vest immediately as a result of execution of the Agreement;
(b) 15% of the Warrants will vest upon execution of the definitive agreements for the joint venture;
(c) 20% of the Warrants will vest upon the joint venture having been installed and operating in at least 1,500 locations;
(d) 20% of the Warrants will vest upon the joint venture having been installed and operating in at least 5,000 locations;
(e) 15% of the Warrants will vest upon the joint venture having been installed and operating in at least 20,000 locations; and
(f) 15% of the Warrants will vest upon the joint venture having been installed and operating in at least 30,000 locations.
In addition, VSBLTY will issue to Modelo 2,500,000 additional Warrants upon the joint venture having been installed and operating in at least 1,500 locations and a further 2,500,000 additional Warrants upon the joint venture having been installed and operating in at least 5,000 locations (collectively, the “Additional Warrants”). The Additional Warrants will have an exercise price equal to the closing price of VSBLTY’s common shares on the last trading prior to reaching the 1,500 locations milestone and will be exercisable for a period of five (5) years from the date of issuance.
VSBLTY technology provides enhanced customer engagement and audience measurement including store traffic and customer demographics. Its industry-leading VisionCaptor™ and DataCaptor™ software combine motion graphics and interactive brand messaging with cutting-edge computer vision measurement and insights. VSBLTY’s AI-driven software, Vector™ provides advanced facial recognition that is crucial to enhancing security in a variety of environments.