Monday, July 29, 2019 8:35:50 PM
I really wouldn't be surprised to see Ontario taking less of a stake in the company.... At this point the toxic debt is converted and most of the other notes are with related parties so they are free to defer payback for as long as they please. The only need for Ontario from a financial perspective at that point is for the $750k working capital portion. Now with that being said, I would still like Ontario to have some sort of vested interest in PCT, as I think Ron brings additional experience that would be valuable. But with respect to the .04 convertible loan and option agreement, I would be ecstatic if those were restructured to be slightly less dilutive.
Time will tell.
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