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Novra Technologies Inc V.NVI

Alternate Symbol(s):  NVRVF

Novra Technologies Inc. is a Canada-based company, which is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Company, through its subsidiaries, offers a product portfolio, including hardware, software and services. Its products include hardware and software tailored for advanced applications in key vertical markets: video, radio, and data distribution, digital cinema and digital signage. Its areas of expertise and added value include encryption, next-generation hybrid networks (satellite/terrestrial/cloud) and efficient bandwidth utilization. It also provides products and solutions for the IP datacasting, IPTV and digital signage markets. It specializes in the transmission and reception of IP traffic over satellite, cable and terrestrial communication links. Its products include S401-DVB-S2X; S400-DVB-S2; S300V-Video; S300CA-Conditional Access; S300N-NOAAPORT; S300E-EUMETSAT; S300D, and others.


TSXV:NVI - Post by User

Post by capt1120on Sep 17, 2024 1:10pm
113 Views
Post# 36227484

Halted and regulators want more transparency

Halted and regulators want more transparency Would appear that the fund that is stroking the $$$ for the convertible note wants to  remain undisclosed at this time, Fund is probably a US based fund and is applying US disclosure rights to a Canadian listed Public company, The structure of the deal screams an exited plan for the principals who floated the deal back in it's grassroots in 2000's and with the company now close to breaking even there is visibility of growth and earning, Like a previous poster stated, why loan 12 million at 34c conversion at 1 percent interest, when the stock at 4 cents was capitalized at 3.5 million when U could launch a hostile at 18 cents and take the company outright? With that 12 million in cash. Seems like its a love in and all want to work together and the interest rate tells U they are there to build a company. I figure this will remain halted till the Canadian regulators and the US lawyers find a common ground about disclosure and visibility, Im thinking IF it's disclosed ( The Funds Name) and its a bigger hedge fund/ investment fund from the US than this stock shoulf have legs. 
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