PP If anyone wants in the PP announced Friday, I can give you Derek's RevoluGroup email as he's managing it.
If you've never participated in a PP and want to know how it works I can always answer any questions via inbox as well, since I participated in the last one which was very fruitful for the shareholders who did. It was a really great experience as well, to learn about how they work.
We all know what's coming, I suspect this one will be equally as fruitful. We want those warrants gone "as soon as possible".
Steve will be topping up the PP with whatever isn't filled by the shareholders. He did NOT sell any shares this last week, there will be no sedi.
My guess, and it's just a estimation , but Steve will end up putting 1 million into the PP and another 2 million for the warrants. No matter what he does that will never satisfy the non shareholders who can't seem to get over 2019, but the purpose of this PP is laid out clearly and concisely. Obviously the card issuer is a major component of many pending white labels, it's of utmost and urgent importance. Had this RevoluPAY paid capital deposit not been needed, there would have been no PP. This isn't a company expense either, it's a balance paid inside RevoluPAY for capital requirements thag Visa wants.
Steve couldn't do debentures as well (he tried), because it would need shareholder approvals and a bunch of red tape paperwork setting things back further.
The accelerator clause with the warrants is purposeful to ensure we lose all overhang as swiftly as possible. It has No relation to the TSX sandbox application as warrants move with the graduation. .40 is double the Pp cost and shows where he expects the SP to go after these next announcements.
by the way, for those who have been inboxing me the past week they know i had come down with a bad case of covid and was basically bedridden, as was my entire family. I'm better now, and excited for the PP to close and so Steve can announce Visa.
in the meantime, he can and he will announce the FIS Global and Euronet deals if they get signed, and anything else material during the PP period, which I suspect will close swiftly as Steve is ready to top up the PP to any amount needed, even the full 2 million if nobody is interested.
cheers