Saturday, January 18, 2020 1:29:11 PM
- Wavetech Global gave SGSI per SEC filing " 2.5 Deposit at Signing . Upon execution of this Agreement, Company shall provide Buyer with $1,150,000.00 in cash" when they signed the definite agreement to merger.
- SGSI took the money from Global, but later cancelled the merger
- Global asked for its money back but SGSI either refused or was unable to return the cash
- Global than filed suit against SGSI to recoup its money
Now comes the interesting part
SGSI merger with Germany can not go though unless 90% of Germany shareholders approve it.
It is my understanding Global owns 25% of the Germany stock.
So the merger can not go though unless Global agrees to it.
If SGSI has no money to pay back Global, than the only way Global can recoup its money, if it is only money Global trully wants, is by voting for the merger.
Global is also in a position of strength to leverage some kind of side deal from Germany in order sway them to vote for the merger.
The next 70 days are goint to be very interesting, as SGSI/Global lawsuit goes to court mid Feb and the deadline of the SGSI?Germany merger is March 31.
Plus the approved up to 300 to 1 RS expires in mid March, so I expect another 14c being announced around that time.
What adds to all this absurdity is Global owns the tech that is actually synergistic to SGSI 5G business plan, while Germany tech adds no benefit to SGSI 5G business.
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