RE:RE:RE:RE:RE:RE:Cash Balance +17,044 %...mellocello wrote: Can someone help me understand....
60 million additional shares... this could also mean the shorters will have a field day. Yes?
I hope we get over .40 soon!
GLTA
MC
Let's clear something first...
March 23,2021 Datametrex signed a
letter of intent to acquire a telehealth company. It is anticipated that DM will pay C$12 million for the acquisition with a closing date April 15,2021.
1) A letter of intent isn't usually a legally binding document, it is usually drafted so it doesn't create legally binding obligations.
2) On the closing date of April 15,2021 the deal was not signed (no dillution for now).
3) If the deal goes ahead and Datametrex at the time of signing this deal has over $10 million in its Cash Balance, a big part of this deal could be paid upfront (with little or no dillution depending on the SP).
A lot's of unknow in this story, all we know is that M.Gunter if there is a deal will come up with the best deal for everyone.