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Monday, August 24, 2020 11:30:20 PM
Based on what happens with the vote determines what the plan may be and how it might be carried out.
How could the company reveal the plan if they have no clue if they will have the where-with-all to execute it?
The vote has to happen first.
Ziv and the team then know what they have to work with or what they don't have to work with.....either way they will understand if the company can continue.
Let me say this...If shareholders turn everything down the company is most likely finished.
Increasing the AS is the only way the company can stay afloat without harming current shareholders.
It also buys Ziv time in the short term to hold DGF at bay while negotiations go on potentially with new interested parties.
Everyone should think about this..... How does the company survive and move forward with new opportunities?
Hypothetically.....
If increasing the A/S is turned down then there simply are no shares to give to the new investors who are prepared to inject money potentially into the company.
That money..or some of it can be used to divest the company of the DGF loan and move forward.
Just because the company increases to AS to 2.5 billion shares doesn't mean all those shares get released and as Bruce Lake aptly pointed out.......the O/S to A/S ratio was roughly 1:5
at the start of 2017, similar to what it will be if the current A/S proposal passes.
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