Monday, January 13, 2020 10:43:27 AM
"What Is Schedule 13D? Schedule 13D is a form that must be filed with the U.S. Securities and Exchange Commission (SEC) when a person or group acquires more than 5% of any class of a company's shares. This information must be disclosed within 10 days of the transaction."
In the latest round of financing the names were withheld (redacted). Potentially, with a greater than 5% ownership the redacted names should be disclosed this week via the filing of the required SC13DA.
Why the need for being redacted?
To continue financing a company and have your investment reduced by dilution (increase in shares with no added value), like what happened to the BSX investment (though this was part of the agreement for the acquisition of the tissue business), seems to me to be unlikely without an imminent endpoint or acquisition of the company. Otherwise, the financing company loses the investment through dilution.
Another way of looking at it is that some entity received about 25% of Neovasc for $10 million dollars when millions of dollars have been spent on developing two products, plus over $100 million in litigation settlement with Edwards. They got a bargain, but further dilution will reduce their 25% ownership rapidly.
Lastly, the value of the company has to be substantially greater than the current $33 million dollars.
Hope this makes sense despite my long run on sentences.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM