RE:Oh that silly Tim and his watches!!I suspect this is related to John Cook. Former President of AIML and current President of Tormin Resources, the creditor... but what do I know?
What I do know is it's a scumbag move to only pay less than 10% of what you owe to someone.
Minedic would probably change his tune in a hurry if he purchased and was entitled to 800,000 shares (or warrants) and then only received 70,000 of them.
Would be a perfectly acceptable practice for Osmose to give us stacks of cash and then Tim to turn around and say "Ya know what? As opposed to 45% stake in this project for your "however many tens of millions of Euros", we're only going to give you 4%".
That would be okay by you, right John? What if the next private placement you sold for T&B, they promised you 10 grand but instead only paid you $800?
You get the picture yet?