To the person who sent me a private message regarding the anti-dilution clause.....
As I mentioned in the above post, I've never seen a clause like this in any RM before. This kind of dilution protection for all (not just a select few) legacy holders is something highly unusual. For obvious reasons, I would assume that Roy Teng had a significant say in how this RM is being structured.
What this clause suggests to me is that Shangrao Baihuazhou Industrial either has no near-term desire/need for financing, or it has access to bank loans. Equity-based financing is probably highly unlikely to occur for at least a year following closing of the RM, because the dilution to the company as a result of the anti-dilution clause would be very heavy unless they could get financing at an extreme premium to the share price.
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM