biOasis Technologies Ord Shs BIOAF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Only a corporate suit could call this merger a synergy...

[G1945V]

prophetoffactz wrote: There has been a material bounce in the market since the deal was put together; including in small caps. Midatech's CEO believed he could have put together an alternative financing. A second financing that eliminated the long-dated warrant could save substantial dilution. You may lose Armistice Capital, however, and have more stock in less diciplined and sophisticated hands.

"If the 20-day VWAP prior to Closing is less than .90, the Company may terminate the Private Placement without penalty;" Midatech news release 

G1945V wrote:

OttawaPeter wrote: True – voting no may be risky, but so is voting yes without all of the facts. DR IS the devil that we know and I don't know the other devil. From what I have read about the other guy, he's not so great either!

What I meant :

The Devil you know is the merger. A plan of action goes with the merger.

The devil you don't know is what will be left of BTI if no merger and without a plan of action and knowing the company is broke. No BTI shareholder(s), out of the 98% publically held stock, with lots of cash have stepped forward to date in defence of a "NO" vote. That's what's missing.


jmo
G1945V

"If the 20-day VWAP prior to Closing is less than $0.90, the Company may terminate the Private Placement without penalty;" Midatech news release

What's the fallout if no Private Placement? The deal can still move forward with or without it. The Company says it may terminate it. Does not say it will terminate it.

Share balancing for Midatech is based on an SPP of $1.65 US as of the close of December 12, 2022.   and

For Bioasis share balancing for Bioasis is based on an SPP of 16 cents CAN as of the close of August 31, 2022. 

As I understand it, there is no rebalancing prior to the close of the agreement. 

G1945V