RE:RE:RE:$210 MILLIONN?!?!?!?!?PS Roberto, plus the proceeds from NGTG.........................even if just a few million. a massive win for the cash strapped Cunninghsams........................it will provide real powder for future rumper flumpers and pink shett shennanigans............imho
Larry60 wrote: Roberto,
that is what Ive been saying since June.................free option for Cunninghsam.......free lottery ticket if a subsequent deal happens..................free promo on NGTG and HNRC................all for a measley $150k........
roberto146 wrote: Well it is kind of a win-win-win for Cunningham if I have interpreted the publicly available information correctly.
- If the deal is abandoned due to lack of shareholder approval Cunningham gets back $150K of the $300K deposit, plus they have whatever funds from token sales, the basis and valuation of the token being the participation of the public in the placer property Nuggettrap.
- If AMK were to get another offer they accept, Cunningham gets $6.3MM break fee plus any token sales they have received.
- If the deal doesn't close (by ... "December 30, 2024 (the “Outside Date”)) because of cash shortage, it costs Cunn $150K, and Cunn gets whatever token sales.
- If, and it may be a long shot (if token sales are not sufficient), the deal closes by the Outside Date Cunn gets AMK at a cost of $300K plus public token sales.
Not a bad play.