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Novra Technologies Inc V.NVI

Alternate Symbol(s):  NVRVF

Technology Communication Equipment
Novra Technologies Inc. is a Canada-based company, which is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Company, through its subsidiaries, offers a product portfolio, including hardware, software and services. Its products include hardware and software tailored for advanced applications in key vertical markets: video, radio, and data distribution, digital cinema and digital signage. Its areas of expertise and added value include encryption, next-generation hybrid networks (satellite/terrestrial/cloud) and efficient bandwidth utilization. It also provides products and solutions for the IP datacasting, IPTV and digital signage markets. It specializes in the transmission and reception of IP traffic over satellite, cable and terrestrial communication links. Its products include S401-DVB-S2X; S400-DVB-S2; S300V-Video; S300CA-Conditional Access; S300N-NOAAPORT; S300E-EUMETSAT; S300D, and others.


TSXV:NVI - Post by User

Novra Technologies Inc
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  • CiaoX
Comment by Ciaoon Jan 06, 2025 8:02pm
141 Views
Post# 36391555

RE:RE:RE:RE:RE:RE:RE:RE:RE:SNAPS Holding is providing the loan

RE:RE:RE:RE:RE:RE:RE:RE:RE:SNAPS Holding is providing the loan
mlmack66 wrote: Great find. So Lilikoi a SNAPS company has done 8 of these acquisitions. The last one in 2023 DEV IT an Indian company with similar loan, 51% and management stays on. This appears to be totally legit.


Similar. Lilikoi sold an immediate 51% stake to a SNAPS held company. In this situation with NVI, it's not an immediate sale, but NVI has the option to force it should SNAPS not exercise their option to do so within 2 years. 

Yes, this convertible loan to NVI looks legit and given that it is a binding loan, it's up to SNAPS to come up with the cash whether they get all or part of the funds from the sale of some commercial real estate which they consider non core assets to them. The market has had it's concerns over this loan esp. given the 3 month CTO and has not priced in what appears to be eventual control of the company at a major premium to the current share price.

Any other examples of SNAPS "holdcos" taking controlling ownership of a company further legitimizes the loan arrangement with NVI.
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