Yappn Corp YPPN

Reverse split

[culzean]

The reverse split will be effective on or after August 17 th. as per Yappn information circular received.

[colt45acp]

Well this is AUG. 17 . Did they hold back the R/S ?

[Tgarfield]

17th was the earliest date possible from filing. It needs to be approved by FINRA and the SEC. The way I had read it, Yappn doesn't get the money unless both INT and Yappn get reverse splits. The increased shares might cause some change to the deal, who knows.

[Teflon2Hype]

The RS of both Yapper and INT has to be completed within the next 4 weeks. The transaction is subject to closing conditions including each party obtaining all necessary approvals, including stock exchange approval and shareholder approval, if required as well as the requirement to consolidate the Company shares of Buyer Common Shares on a ten-to-one (10:1) basis before the September 15, 2015.

[fahrenheit911]

"the requirement to consolidate the Company shares of Buyer Common Shares on a ten-to-one (10:1) basis before the September 15, 2015." The Buyer is Yappn.  Doesn't require INT sh consolidation for INT.

[Invstr_St8ofmnd]

That is correct fahrenheit.  All necessary action must be taken to consolidate INT shares (10:1).  However, it is not a requirement of the secure debt financing involving Winterberry.

[Tgarfield]

Have you read the agreement? It is not as simple as INT is selling ORTBO. For selling ORTSBO INT gets there Yappn shares cut in half and get a 500K loan paid off.

[Acelove]

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