Nutritional High International Inc. Ordinary Shares C.NHL

RE:Dilution today?

[GrahamB]

Makemone1 wrote: Wowzer just look at the sea of red today on IHUB. Any indication they are diluting the heck out of this one? 

There was a big share dilution in the recent purchase of otco-over 100 million to add to the 366 million outrstanding so yeah sea of red to be expected over time IMO
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1. 77,266,667 special warrants (subject to adjustment based on working capital, assumed debt, pending litigation and payroll tax adjustment provisions). Each special warrant will entitle the holder to acquire, for no additional consideration, one (1) multiple voting share (a "Multiple Voting Share") of the Company provided that the holders common shares of the Company approve the creation of the Multiple Voting Shares on or before September 1, 2021 (the "MVS Approval Date") and otherwise ten (10) common shares in the capital of the Company ("Common Shares"), with such Special Warrants to be automatically converted forthwith after the earlier of (i) the date of the meeting of holders of Common Shares called to approve, among other things, the creation of the Multiple Voting Shares and (ii) September 1, 2021.
2. 40,666,667 Class A Common Share purchase warrants ("Class A Warrants") each entitling the holder to acquire one Common Share at any time on or before the 24 month anniversary of the closing of the Transaction at an exercise price of Cdn$0.03. The exercise of the Class A Warrants shall be subject to the Company completing a share consolidation whereby the warrant exercise price will be, in effect, over Cdn$0.03 per Class A Warrant.
3. 24,400,000 Class B Common Share purchase warrants ("Class B Warrants") each entitling the holder to acquire one Common Share at any time on or before the 24 month anniversary of the closing of the Transaction at an exercise price of Cdn$0.05 (pre-consolidation)" www.sedar.com