RE:RE:RE:DECEMBER MEETING - CONTINGENT SHARE VOTELooks like the 2,500,000 will be given out once a UK licence is approved does not require shareholder approval was part of the deal once license is obtained.
The additional 8,000,000 will be given out once milestones are achieved and provided shareholders approve. If shareholders don't approve, the 8,000,000 shares will be valued at $16,000,000 ($2/share) and paid out monthly.
StageZero acquired all of the shares of Clinics Operations Limited by issuing today 12,400,000 StageZero common shares. StageZero is obligated to issue an additional 2,500,000 StageZero common shares, contingent upon Clinic Operations Limited obtaining a Care Quality Commission license in the United Kingdom. A further 8,000,000 common shares are issuable by StageZero contingent upon the achievement of certain milestones and StageZero shareholder approval. In the event the Milestones are achieved, and the StageZero shareholders do not approve of the issuance of the Contingent Shares, StageZero is obligated to pay to Health Clinics Limited, in lieu of the Contingent Shares, CAD $16,000,000, payable at a rate of 9.5% out of StageZero's monthly gross revenues. The Contingent Consideration becomes immediately payable in the event of a take-over bid. Mykndrsn wrote: So do we vote on releasing the 2,500,000 shares?