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Generative AI Solutions Corp C.AICO

Alternate Symbol(s):  AICOF

Generative AI Solutions Corp. is a Canada-based artificial intelligence company. The Company is focused on developing a vertically integrated artificial intelligence (AI) solutions business through its MAI Cloud platform, with the development and commercialization of AI-powered tools and solutions for businesses and consumers across multiple industries. It is focused on using AI to create transformative products and services that benefit business and consumers across various sectors. The Company is engaged in developing AI-based solutions, which can be integrated into diverse workflows. By leveraging its MAI Cloud platform and its expertise in machine learning, natural language processing, and data analytics, it builds high-performance tools that redefine efficiency, productivity, and user experience. It intends to use the MAI Cloud platform to perform AI computing tasks and hosting for its internal projects, including GenAI Tobacco, Remitz, Classmate, and Global AI Newswire.


CSE:AICO - Post by User

Post by deepoil0808on May 14, 2022 12:39am
301 Views
Post# 34683567

Error in press release, payout is 40 cents USD not Cdn

Error in press release, payout is 40 cents USD not CdnOn the CSE Exchange it is noted:


  Investor Note: In addition to the 33,620,286 Subordinate Voting Shares that are listed and trading, there are 109,145,850 shares issued and outstanding but not listed.  The total number of equity shares assuming all are converted into the listed class would be 142,766,136.

From this share amount we must remove shares that will be not converted namely:
- 7,500,000 purchase warrants at $ 2 per share
- 3,640,320 purchase warrants at $ 1 per share
- 1,250,000 purchase warrants at .50 cents per share

This means that the total float will be:  130,375,816 shares

If we multiply 130,375,816 by 40 cents Cdn payout it gives $  52,150,326

But Poda said that they will have $ 70 million, keep $ 1 million and, payout the rest which is $69,000,000.

That means a payout of 52 cents Canadian or 40 cents USD (exchange rate 1.29)

Someone needs to write to Ryan and tell him of the typo that was made in the press release.  It should read 40 cents USD.

Also what happened to the $14 million in cash plus the few extra million from conversion of warrants and options that will be done.   Seems to me that this should be paid out too the shareholders.  

My personal opinion, 



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