RE:RE:Why the sellingThe GEM facility is NOT an acquistion facility despite the spin many are trying to put on int.
Once the token gets listed, Cunninghsam can sell tokens to GEM at a specified price (a discount to market) and in amounts based upon the volume of the token and the market cap. Barring a miracle, to raise $210 million in a matter of 2 months would be impossible. I dont think theyll ever raise more than few million before it fizzles out - but thats just my opinion, I could be wrong. But no way will they be able to sell GEM $210 million.......................it would mean the token going from $0 today to over $1 BILLION in the weeks to come.........................................
There is a reason GEM facilities are always for 36 or 24 months - they allow for small drawdowns from time to time..............not $210 million draws/sales to fund an acquisiton.
Call up Kelvin and ask him for a copy of the agreement!!!!!!!!!!!!!!!!!!!!
all imho
Signman wrote: The GEM credit increase is a dead give away that they (Cunbningham / GEM) know this and are prepared for a counter offer IMO. With the TUD NR today had got to be making any major, that heard Ken at Beaver Creek, sit up in their chair. And the easiest why to get into this project with 20% would be to take AMK out over what Cunnigham has offered. I still have hope ... there is time ... No tokens listed yet nor sales of it. GEMs increase of credit IMO was not for "other" aquisitions but to get through a counter offer. Ask yourself why would you increase credit more than double for a company that has not yet completed the initial buy and proof of concept of "tokenization" adopted sucessfully?