Post by
NSX001 on Feb 03, 2021 9:31am
One World?
I'm a little confused about this deal with One World. These people are investing $6.9 million for 138 million shares @ 0.05 + another $10.35 miliion for another 138 million shares at a later time @ 0.075. They would be investing approx. $17 million for roughly 60% of iSign. This gives them control yes, but not ownership.
If they had offered $0.10/share when the share price was at $0.05, (I believe they would have succeeded) they would have bought out iSign for approx. $15 million for 100% of iSign.
I'm no rocket scientist, but even I can figure out that this is nuts. This just does'nt add up.
Anybody else see the lunacy of this?
NSX001
Comment by
Goldbricks on Feb 03, 2021 9:51am
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Comment by
NSX001 on Feb 03, 2021 9:54am
Also, keep in mind that once this deal is completed, there are going to be 428 miliion shares outstanding. I can see a reverse split of 1 for 10 shares in the very near future. NSX001
Comment by
Goldbricks on Feb 03, 2021 9:57am
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Comment by
Goldbricks on Feb 03, 2021 10:00am
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Comment by
frewil11 on Feb 03, 2021 10:26am
You can take control but you can't just own a public company without an offer to the existing share holders and they have to accept .
Comment by
NSX001 on Feb 03, 2021 10:38am
Hi frewil11, If they'ed offered $0.10/share when the stock was trading @ $0.05, they would have probably picked them all up. At the very least, all they needed was 90%, which would force the rest to accept the same offer. But that's history now, the offer has been made, and it looks like a done deal. NSX001
Comment by
frewil11 on Feb 03, 2021 10:45am
Something like this had to be put together to get this tech out , after more than ten years and not one deal signed it had to be done.
Comment by
GastownGuy on Feb 03, 2021 11:23am
please post any information about this one world company. tia
Comment by
NSX001 on Feb 03, 2021 11:39am
Hi GastownGuy, Pick your choice from below, it could be any one of those. But keep in mind that the release refered to; One World Smart Solutions Holding Corp. https://canada.hkcorporationsearch.com/companies/bribgbdg/#google_vignette https://www.medicaldevices1.com/medical-device-suppliers/foxmeyerppe https://www.oneworldholdings.org/en/ NSX001