StageZero Life Sciences Ltd T.SZLS

LOI Carr

[brad129]

Not sure how this works, due to the magnitude of SP drop could that deal now be adjusted to reflect valuation? More share dilution?

[brad129]

Sorry Care.

[LithLover]

From the FAQ: Q. Is there a share price associated with the deal? A. There is not a share price associated with the deal. The acquisition is an all-share deal and not underpinned by a share price https://www.stagezerolifesciences.com/uploads/1/4/5/4/14548558/faq_%E2%80%93_care_oncology_acquisition_.pdf 

[capebretongirl]

I understood this to be a 15 million share deal with another 8 million possibly for achievement milestones post purchase regardless of sp - idea being that the actual sp is not a consideration, rather the 15 mil is the purchase price in itself.  Perhaps that 8 million shares post purchase  clause is a means of addressing a dramatic sp fall between time of discussion and actual closing

[LithLover]

Please read the FAQ on the investors tab off the website. Under Investors FAQ. The deal was set at 15 million shares with 8 million based on performance milestones.   The shares are set up for 1/3, 1/3 1/3 over 12 months.  Given that the share price can fluctuate over the year it makes sense that the deal is not set based on current share price.  This could just as easy be

[brad129]

I did read the FAQ, I know if I was looking at a 18million valuation and now the deal looks like under 8million I wouldn't sign that, this is not a done deal and my question is can it be adjusted without shareholder approval? Not the vague statement the office put out, can or can't they not change terms of the deal?  Considering they made the LOI without our knowledge I believe it

[Liked2Think]

And what would be the benefit to Care if they came back and said not enough shares we need more.   That would tank the SP even further. Makes zero sense Care would do that.

[brad129]

Rebecca just confirmed "So the deal would not be altered due to the decline in the share price."  

[Liked2Think]

Yeah I confirmed that with here awhile ago. Anything is possible in buisness though and I was just adding another argument of just why it would be kinda crazy on the part of Care to even suggest it.

[gojotv!]

Bashers have to lie, or they'd have nothing to post. lol

[Dez331]

If thats true it confirms the deal is horrible. Another fake deal like Oncore or Costal just for some headlines. These clinics must have no self respect to sell so low. Worthless. 35 dilution coming.

[Dez331]

Imagine you owned one of the clinics and you were gettin 8 million shares at a price of 1.30, and then before the deal is closed the SP drops to .55....WHO WOULD NOT RESTRUCTURE?

[davewho]

Care has contacts in many cancer hospitals and Centers of Excellence both in the US and the UK so they would certainly have a very good idea right now about how well a test like Aristotle will be accepted by their peers. The sp is probably the last thing on their minds. We just need the deal to close as planned.

[Liked2Think]

In life and business it really all comes down to who you know. I was against the CAre thing to begine with but the company is made up of cancer pros that have years of experience and they made something of their buisness  Its nice to think about all the contacts they have made while building their business, going through schooling, etc

[LithLover]

Tripp said this deal and working with Care has been in the works for over a year.  As business men they know that the share price will fluctuate.  They likely would have gone to their referral network to confirm the interest and verify the clinical data on Aristotle testing to ensure it was the right opportunity.  Why else would they accept shares and not a cash deal?  They

[brad129]

been in business since 2000 so I do have some not all business accruement, I asked a question because in business a deal isn't a deal until all the i are dotted and t's are crossed and contract signed. Rebecca left the door open saying the deal wouldn't change due to share price drop but clearly didn't say the deal won't change period. Later they can give another excuse as to

[brad129]

Example on March 21 CP Rail and southern Pacific announce CP buying them for such and such a share price, how did that work out CN Rail ended up buying them.

[LithLover]

Didn't CN get like 700 million in a penalty payout.  But I hear ya. Nothing's done until its done.  But I look at their participation on the call a couple weeks ago as a pretty positive sign.

[Dez331]

This post has been removed in accordance with Community Policy

[Mykndrsn]

It's obviously understood by both parties that sp fluctuations are certain over the course of this deal. Do you honestly think anyone is surprised? Get real.