TSXV:BTI.H - Post by User
Post by
JDavenporton Dec 16, 2022 5:46pm
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Post# 35176991
A Different Deal
A Different DealTell Deborah that you want a different deal.
SInce they're going to sell the xB3 platform anyway, tell her to spin half of the platform out into another company and that it must be done before a vote on a deal can be held.
Tell her to issue shares in the new company to only current Bioasis shareholders of record, fully diluted, if they pay to exercise their options and warrants. The warrants should rep[riced to reflect the current disaster..
Then let the acquisition of Bioasis take place with the half ownership of the xB3 platform and the other half with the Bioasis shareholders. The Bioasis xB3 Platform Company shareholders will not be selling their shares in their new company.
Then Biodex can sell their half of the xB3 platform. The price is to be set by Biodexa and the new Bioasis shareholder xb3 platform holding company.
That way the sharks including DrDR get their piece, Biodexa gets some coin and the Bioasis shareholders participate on an equal footing with the interlopers.
The Bioasis shareholders get to choose their own executives in the xB3 holding company.
There need to be other details handled but it's a good start. And the current Bioasis/Midatech terms remain unchanged.except a couple of minor things. The Bioasis shareholdes get an undilutable 10% of Biodexa and a seat on the Biodexa BoD.
And maybe Rathjen should not have a seat on the Biodexa BoD. Conflict of interest and all that.
jd