Post by
Pezo_Plaka on Jun 08, 2020 8:59am
News on OK Falls.. Deal dead.. New deal with Real estate Fun
This is good news finally. This new deal is worth 9 million with no finance condition.
This is a straight cash deal and should close in 6 week with a real estate company.
Leave us with 5.2 million cash after close. More than our market cap. Thanks for nothing but a million non refundable dollars CannaPharmaX, honestly would have wished you better wirh the 12 million original offer.
Now if we could clean up the rest of this train wreck and get back to business..
Holler if you hear me.
Comment by
OneTwoOneTwo on Jun 08, 2020 11:13am
The press release says that they (SNN) own the numbered company that has the offer in. How do they suddenly have $9M cash to give themselves minus the finders fees etc? Something is off here. lol
Comment by
Pezo_Plaka on Jun 08, 2020 11:31am
This is an asset sale. The property is being spun out to the new purchaser. The previous sale was the entire subsidiary, thus most likely a share sale. An asset sale is clean for the buyer. Not sure if any of the companies that are trying to sue us will stop it but cold hard cash is in everybodys favour.