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Re: Screech691 post# 50691

Thursday, 07/22/2021 9:20:44 AM

Thursday, July 22, 2021 9:20:44 AM

Post# of 51358
Acquisition appears essentially final. Transaction details:

https://backend.otcmarkets.com/otcapi/company/financial-report/291112/content

According to section 4(d), the deal closes in 15 business days from LOI date (7/5/22)- that's tomorrow or Monday. PRing it today means this process is complete and is about to be approved. Relevant terms:



Non-dilutable acquisition, and the purchase preferreds cannot be converted for more than a year. The loan still accrues interest, payable in cash or additional equity to $SITS.

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