RE:RE:Not a merger of equals:
shiftyone wrote: 160k,
Do you think that it is just a coincidence that the closing of the financings will close concurrently in early Nov.?
I think the vote by SGNL shareholders will be shareholders of record on Nov. 4.
And I just suspect...that the merger has the support of participants in the financing. And I suspect that management wants those participants to be shareholders of record on Nov.4, to that the new investment money will have a vote.
That will be an extra 103 million shareholders with a vote, up to as many as 118 million new votes.
That I do not think is a coincidence.
OMG... Go read again the NRs. But hey, I will (again) provide you the bit of information that should have lighting up something in your mind:
"
Pursuant to the revised financing structure, Signal will now offer up to 103,388,857 subscription receipts (the "Signal Subscription Receipts") at a price of $0.08705 per Signal Subscription Receipt for gross proceeds of up to $9 million (the "Hard Dollar Financing"), with an option (the "Option") to offer up to an additional 15,508,328 Signal Subscription Receipts for additional gross proceeds of up to $1,350,000. The Signal Subscription Receipts will be issued by Signal and will automatically convert into NFT Units, upon satisfaction or waiver of certain release conditions (including the satisfaction of all conditions precedent to the completion of the Transaction, other than those conditions that can only be satisfied at the effective time of the transaction, including, but not limited to, the issuance of the consideration shares to shareholders of Signal) (the "Escrow Release Conditions"). Each NFT Unit Warrant will entitle the holder thereof to purchase one Signal Share at a price of $0.11818 for a period of 24 months following the issue date of the NFT Unit Warrant, subject to customary adjustments in accordance with the terms of the warrant certificates. Each Signal Share issued on conversion of the Signal Subscription Receipts will then be exchanged for 0.1244 (the "Exchange Ratio") of a common share of NexGold (each whole share a "NexGold Share") pursuant to the terms of the Transaction."
So, if I read it properly, participants in the PP will only have their shares if the transaction goes through, meaning that they cannot use their Subscription Receipts to make the transaction goes through... simple logic, no?
Here it is again:
including the satisfaction of all conditions precedent to the completion of the Transaction
Another rethoric question for you Shiftyone: do you think that voting about the merge is actually a condition for the transaction going through? I'll let you think about it...