RE:RE:New Press Release - TSX Venture Exchange Stock Maintenance BulletinsPandora wrote:
Is that 361,000 shares accepted in lieu of salary?? Or do I not understand what I am reading?
My take, since there are 10 creditors, is that these are people who provided a product or service to the company money and are taking .05 in lieu of repayment. Could be rent... anything. It's noce to know that the rock solid .05 is waiting there for them to sell at market so they can sell and move on. or hold and roll the dice. Such piddly amounts, and they can't pay them in cash. IMO.
EDGEWATER WIRELESS SYSTEMS INC. ("YFI")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: October 12, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 360,939 shares at a deemed price of $ 0.05 per share to settle outstanding debt for $ 18,047.12.
Number of Creditors: 10 Creditors
| Non-Arm's Length Party / Pro Group Participation: |
| | | | | |
| Creditors | # of Creditors | Amount Owing | Deemed Price per Share | Aggregate # of Shares |
| | | | | |
| Aggregate Non-Arm's Length Party Involvement: | 3 | $3,478.36 | $0.05 | 69,565 |