RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good Move Up on Double Average Volume The number of shares to be issued November 22 is based on shares outstanding on that date. The stock price is irrelevant. Personally, I can't trust a management/directors team that entered into that deal. A clear sign they are inept,corrupt,or both. Maybe you'll make money despite them because of the assets, but it will be despite them, not thanks to them in any way. Other than piling into cheap options, nobody is buying squat on sedi for three years. That's crazy. I noticed the "magic words" (my term for addition to md&a referencing 49% issue) were added to the md&a well after the option agreement was signed. I also noticed no prospectus exists since that deal because the only raise they did was o/m private placement. AND, if I'm not mistaken, the md&a and financials issued just prior to the private placement did NOT contain those "magic words". OOOPS?!? I hate our regulatory system which prevents fair and transparent disclosure or the offering memorandum, PP docs, and the pitch sheet. Those buyers may have a legal case if they were sold those flothru and PP shares without that disclosure. The magic words appeared for the first time July 22, 2020. I believe there were a couple, maybe three very small PP with or without flow through done between November 22, 2018 and July 22,2020. Are these guys in trouble, or about to be? Every quarterly/annual filing of financials and md&a prior to July 22,2020 did NOT.
"Once all of the requirements have been met, the Company may exercise its option through the following:
(d) Issue common shares to the shareholders of Spectrum equal to 49% of the issued and outstanding shares of the
Company at the time of the issuance; and (e) Pay$100,000incash"