Monday, January 09, 2023 7:15:10 PM
As you explained, the Directors and warrant holders did not forgo $11.7 million in credit owed to them and pay $105K, respectively, to convert into common shares for nothing. Both parties would not take on additional risks to convert and own common shares, unless they didn't think that they would receive a better return for this additional risk of holding common shares.
I like the bias of both parties wanting to hold common shares as it aligns their interests with ours.
With MZ in addition to RESPEC now working with BOXS plus the external members on the Board of Directors, I am satisfied that we have enough third party/external confirmation of the legitimacy of BOXS' operations.
Go BOXS!
Buy cautiously and sell reluctantly. All of my posts are In My Opinion only based on the DD I have completed. Please do your own DD and make your own decisions.
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