TSXV:SQD.H - Post by User
Post by
TechGuy01on Jul 06, 2024 9:14am
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Post# 36120959
3 years starting Nov 2023...
3 years starting Nov 2023...Excerpt from the agreement Markowski struck with the prior BOD last fall. Could be up to 3 years for this to play out. Staying patient and full of hope for this wonderful life saving technology!
The Voting Trust Agreement has a term of three years, subject to early termination in the event that the Company does not hold any technology, intellectual property or other commercial licences (collectively, the “Technology IP”) from the University Health Network or transferred to it by Pivot Financial I Limited Partnership (“Pivot”). At the time of Mr. Matthews’ resignation, the Company did not hold any license to the Technology IP however Mr. Matthews has been informed that the Company’s new board of directors intends to seek such licenses in connection with a proposed restructuring (the “Restructuring”) of the Company to be overseen by the new board.