Thursday, March 07, 2019 11:51:48 AM
So the deal was agreed upon and signed by both parties inmed says. Deal is done. agreed upon. signed (made legal)
a Deal outlines things such as money will be transferred by a date, properties will be signed over by a date, shares transferred by a date, brad added to the board by a date...
For the deal to be in default that means that a date (Feb 25 in this case see above) was passed without an item being completed and now its in default (look up the definition it means late). The company has not said the deal is off. THEY COULD HAVE BUT THEY DIDNT. They said its in default. This means InMed is saying "Hey Toron we made a deal and you need to fulfill your end"
The ball is in Torons court now to get caught up and get things fixed. This is not opinion or idea or guessing... THIS IS FACT. THERE IS NO OPINION HERE THIS IS WHAT PEOPLE KNOW TO BE TRUE.
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