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DWillie

01/28/20 7:18 PM

#62560 RE: e-ore #62559

That wording is why I'm not sure how they are going to transfer the assets. It's plausible they used the word acquisition in the sense that the assets are transferring ownership. That does not necessarily mean they have to do anything more substantive to complete the transfer than signing the agreement. The LOI didn't mention anything about payment.

As for companies JC doesn't own, GRNF will absolutely increase the AS to pay for it. To keep the controlling interest, he may issue some preferred shares or supervoting shares to himself.