Post by
uograd on Apr 02, 2016 8:38am
the $9 million should be released upon closing of deal
I think it is a load of BS that they are not going to distribute the first $9,000,000 u.s until 90 days after the deal closes. That makes no sense and seems like a sham to me.
There is no logical reason for it. Has anyone got a satisfactory comment from the company why this is the case.
The $3,000,000 CDN of corporate cash may or may not be there and may end up being higher or lower but the $9,000,000 u.s. for the purchase price is not in dispute.
this is why the stock is trading at a 30% discount to the low end of their projection of .59.