RE:RE:RE:So when is this deal suppose to close again? Curtis,
It is NOT a credit facility...........its a token subscription agreement...........go look at the dozens GEM has done past couple of years!!!!!!!!!!!! GEM is in the business of buying tokens/cins at a discount to market and then selling them for a profit. The benefit to issuers is "liquidity" in theory. No past GEM deals have ever come close to fundng the committed amount even over the term of the facility!!!!
I did call GEM! a couple of months ago. Said they could NOT discuss specific deals but they did confirm my understanding of how their TSAs work!!!!!!!
As for SEDAR the GEM agreeement is NOT filed. Its not even mentioned in the circular beyond the fairness opionon that says "Readers should also note that CML has stated that it has secured US$153 million in August of 2024 from GEM Digital Limited (“GEM”) for the acquisition of AMK." They are just spinning what CUnninghsam has already said.
GEM is not in the business of owning mines. They are in the business of subscbing for an amount of coins from time to time that they know they can then sell in the market for a profit........
IF THE GEM AGREEMENT SAID OTHERWISE, IT WOULD HAVE BEEN CALLED SOMETHING ELSE AND/OR DISCLOSED!!!!!!!!!!!!!!!!!!!!!!!!!!!
curtis111 wrote: Did you have an opportunity to give GEM a call so they could fully explain the credit facility? They are really good to deal with and will explain it in detail. It's not at all what is being described by the negative posters on the board. Give them a call for a full explanation.