Nouveau Life Pharmaceuticals Inc (NOUV)

[Topchef]

That is the confusing bit. The PURA PR Stated this on the 2nd paragraph:

Under the terms of the LOI, the target publicly traded holding company will issue PURA a $1.2 million convertible note in exchange for the cannabis cultivation company. After a planned recapitalization of the target company, according to the terms of the LOI, the $1.2 million note will be converted to common stock. Then, further to the terms of the LOI, the converted common stock of the target public company will be issued in a dividend distribution to the shareholders of PURA. The spinoff transaction is structured whereby PURA shareholders are to receive one share of target public company stock for every five shares of PURA stock that they hold.

Does NOUV R/S making the PURA shareholders even worse off? Is part of the 1.2 million going to be mixed into a share buy back to retire debt off of the 11 billion O/S NOUV has?

A PR explaining the recapitalization plans before Friday is REALLY NEEDED!!!

source of PURA PR that mentions NOUV:
https://www.otcmarkets.com/stock/PURA/news/Puration-Announces-LOI-to-Spinoff-Cannabis-Cultivation-Business-and-Issue-Stock-Dividend-to-Shareholders?id=204506