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buysellrepeat

04/17/19 9:07 PM

#141936 RE: roni1 #141935

Thanks for that!
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TenKay

04/17/19 9:07 PM

#141937 RE: roni1 #141935

“It net the Company an additional $4M of working capital.”

He won’t tell you they end up with $9.5 million in cash because they don’t.

They still only end up with $5.5 million from the offering.
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ArryHere

04/18/19 1:17 AM

#141949 RE: roni1 #141935

Good work brother, nice job in getting that clarification. Great time ahead with VERB....

Cheers!
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Nspireaction

04/18/19 3:22 AM

#141950 RE: roni1 #141935

Slick, no one saw this coming and some refuse to believe it. SC knows what's down the road and they figured out how they could participate in the offering to take advantage of the cheap share price. What more is to be said?

The acquisition price was $25M ($11M cash, $10M in restricted common shares and $4M in units at the same terms as all other investors in the IPO).