Relief Therapeutics Holding AG (RLFTF)

[Whalatane]

Fred ..for what its worth I think RLFTF is using its share subscription facility with GEM and GEM is in turn selling shares into the market ...this is all to fund completion of the trials

Subscription Agreements With Private Placements
When a company wishes to raise capital, they will often issue shares of stock for purchase by either the general public or through a private placement. The primary disclosure form for potential general public investors is a prospectus. The prospectus is a disclosure document listing information about the business and its underlying security.

A private placement is a sale of stock to a limited number of accredited investors who meet specific criteria. The criteria for accredited status includes having a particular level of investment experience, assets, and net worth. Investors will receive a private placement memorandum as an alternative to the prospectus. The memorandum provides a less comprehensive description of the investment.

In many cases, a subscription agreement accompanies the memorandum. Some agreements outline a specific rate of return that will be paid to the investor, such as a particular percentage of company net income or lump sum payments. Also, the agreement will define the payment dates for these returns. This structure gives priority to the investor, as he or she earns a rate of return on the investment before company founders or other minority owners.

I'm no expert on this and I welcome opinions from those better informed ....however my understanding is that RLFTF has an agreement with GEM that allows them to access GEM funds on a weighted average basis ....so if you look at 60c down to 40c ...average weighted basis of 50c ...Relief is getting cash from GEM and GEM is getting stock ...which they in turn sell on the market .

Its a way of doing a not so obvious share dilution of existing share holders to fund completion of the trials .

We are being diluted ...by GEM selling the stock Relief traded them for cash ...cash they will use to complete the trials .
Just my take .....nice of Nel to apologize
Kiwi