Post by
EnisaD on May 23, 2018 2:31pm
I was doing a little research on the weekend .....
A capital pool company such as Percey street must complete a qualifying transaction within two years . Now it looks like the deal with Livewell was announced a day before that two year time frame was up for Percey st . I’m wondering if the deal should be completed within the two years or is a LOI considered a qualifying transaction? The deal has been going on longer for Percy street past the two years ....
I couldn’t find a lot of info on that ...
It could explain the three corner amalgamation with Percy street ??
However , the fact that we have two different transfer agents makes me think it’s unlikey .
Just thought I would share
Comment by
BigPop18 on May 23, 2018 6:25pm
I believe the last private placement was in April. At that time it looked like Percy Street was the only qualifying transaction. I too was stumped on the 3 corner amalgamation and hoped it was RB. I believe I read somewhere that Livewell was going to start trading in May 2018.