Here, I’ll call the next move Many said Erik wouldn't appear ever again, but he has chased this financially licenses company for 2 years now. Ask yourself why? He's back and motivated.
Meridien will put up a large portion of this initial private placement, and the rest of the cash within one calendar year. Not that revo really needs that much money but one step at a time. It will eventually lead to a change of control (over 20% of the float).
Meridien that many said has no money and won't input a dime. Again, you'll see shortly (early October after fins is when I'll guess the PP closes).