RE:LOI Carrbrad129 wrote: Not sure how this works, due to the magnitude of SP drop could that deal now be adjusted to reflect valuation? More share dilution?
I understood this to be a 15 million share deal with another 8 million possibly for achievement milestones post purchase regardless of sp - idea being that the actual sp is not a consideration, rather the 15 mil is the purchase price in itself. Perhaps that 8 million shares post purchase clause is a means of addressing a dramatic sp fall between time of discussion and actual closing date (which is the actual case here). In other words it may be a built in protection for CARE to ensure they receive a price somewhat closer to what it was when all of this was being negotiated.