Sunday, March 07, 2021 7:45:17 PM
That means whatever negotiations with debt holders and creditors necessary to close the deal would have to be completed before that.
If Recommerce is just part of a corporate restructure and considering Jim Zimbler is the largest debt holder and also has voting control, it would seem to be all part of the larger plan that would need to happen for the financing deal and the Recommerce deal to happen.
In order for a reorganization to happen Jim has to relinquish control, and I highly doubt that anyone would come in with him holding 1/2 of the outstanding commons. He has to be offered something to turn over the company. What I laid out in the previous post makes sense but it is also based on a previous deal Jim had negotiated with Unified Cannabis before backing out of the deal.
Hell, maybe it is even bigger than I'm thinking and it is Unified coming back and Availa/Novi will be just a sub. Unified is still saying they are about to go public and with a combined running revenue of over 100 million.
https://www.unicancorp.com/about-us
I know one thing, no matter how this plays out, I will be here.
CNGT!!
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