RE:RE:RE:RE:RE:RE:SNAPS Holding is providing the loanWhat's in it for SNAPS?
Either they are really, really interested in taking a large controlling ownership in the company as they have said or they will have inadvertently "inflated" the share price.
Given that CIRO has looked at the loan arrangement , and likely knows whether SNAPs is a shareholder, they would be in CIRO's cross hairs for stock manipulation. So it's unlikely they are a significant shareholder as there's nothing immediate in it for them.
Until the loan is finalized, NVI insiders cannot sell any shares so they cannot benefit from an inflated share price if it occurs. If the binding loan does not close, the share price will not remain inflated if it does inflate and SNAPs could face a potential lawsuit. There is no legal language that states the loan is conditional upon the lender selling assets. If SNAPS wanted an out, they could have made the loan arrangement conditional upon themselves obtaining funds from the sale of assets, but they did not.
CIRO has looked at this arms length loan arrangement and had the stock cease traded for 3 months, they have the inside track to information and were finally satisfied as the too good to be true loan had very, very favorable conditions for NVI.