Tuesday, December 15, 2020 10:02:23 PM
. . . . . .
JJ not accepting the RLF board position was one of the early signals something extraordinary was to occur. RLF staff confirming the reason he couldnt accept the position solidified it. Ask yourself, Why would JJ not accept the paid position to be on the board of his partner company? He has a vested interest in seeing RLF do well, brings a lot to the table as he is in charge of the US trial AND they even voted to approve HIM. The lawyers and M&A specialists put the brakes on, that's why. Again, confirmed from staff. The plan in motion has been in place much longer than most realize.
In case you missed it, NRX announced a RM to get listed with a SPAC (basically a shell company that was set up for this exact purpose). Now we all know about the extraordinary meeting tomorrow. Several things stand out but surely you have heard about the shares and compensation. RLF wants to use these shares to:
1) Compensate and attract/pay management talent with fixed and variable compensation including stock options
2) Use as a financial instrument to "raise capital or persue acquisitions" and to use "as financial instruments with conversion features.
Well ask yourself: Who would be the talent/executives they would they want to attract & pay? Anyone know of a whole team of individuals that might fit the bill? I can think of some...
Now for the shares, This is not "dillusion", dillusion would be if they took some of the ALREADY authorized shares and issued them which would increase the outstanding shares. They made a shareholder announcement indicating specifically what these 2 types of shares "could" possibly be used for if they were ever issued. These authorized and conditional would not be added to the public float even, IF they were ever issued they would go to insiders. The authorized indicate to persue acquisitions and the conditional could be used for the same acquisition as long as the conditions are met.
I would think the M&A experts (btw RLF & NRX have several) plan these out far in advance, they take time but the wheels are in motion. It seems that bigger things are in store, just keep your eyes on the news feed.
In summary, they want the ability to pay people and acquire something. Who would they want to pay and what would they want to acquire (or RM into) ... I think I know.
Best,
JB
Disclaimer
All of my posts are just my own opinion and not advice to buy, sell or trade any stock, security or anything else for that matter. I post my own personal thoughts and information that I have found regarding positions that I am invested in.
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