Next up 1) stage 1 - buying the warrants and shares, this should be done any day now. $380,000 to the coffers which covers debt they have. New CEO named (gavin) and Erik becomes chairman of the board.
2) stage 2 - $500,000 injection , plus 1.5 million cash available in .15 warrants must be approved by the exchange (already submitted off the subscription)
again, shouldn't take long at all. Maybe a few days.
note: this isn't a change of control yet.
meridien will need to pay market value (minus allowed discount) of any subsequent PP shares throughout the year. This will lessen dilution if the share price goes higher which I believe it will in short order.
If they had done all 7m at once it would need too many red tape approvals, and Revo needs cash and meridien wants to start their flows.
again, once cash in the bank very shortly , what's the next "it won't happen?" - because it IS happening, watch and learn.