Post by
AUborealis on Jun 08, 2021 6:21pm
It occurs to me that the DBros new venture into AI is
burning cash at a phenomenal rate and that RG and the Board are more than happy to see them distribute their NXO shares to 'the market' at these levels.
I don't think they will exit completely but they are now 'in the zone' of dropping below reporting requirements as an Insider. (less than 10%)
From SEDAR
As at June 2
Following the Transaction, as of June 2, 2021, 3DB owns and controls 22,674,153 Shares and 1,269,176 Warrants, representing approximately 16.12% of the issued and outstanding Shares on a diluted basis calculated in accordance with the provisions of NI 62-103.
And this is the kicker...
From SEDAR:
'The Company has entered into a custodial and rights agreement (“Rights Agreement”) with Computershare Trust Company of Canada (“Computershare”), as custodial agent whereby 3DB has deposited 8,000,000 shares of the Company held by Computershare and has agreed that the Company may issue “incentive rights” (the “Rights”) to acquire such shares to such persons as the Company designates at an exercise price equal to the greater of $0.25 per share or average closing price of the Company’s shares for the five days preceding the issuance of the incentive right.'
Comment by
rebel20 on Jun 08, 2021 7:28pm
The bet is scattered to the Street.
Comment by
Lesalpes29 on Jun 09, 2021 7:05am
Henry if You want I have a theory about D bros shares sold and carried privatly. PM me if You want To know it. Have a good day