Replies to post #28724 on Cerebain Biotech Corp (fka CBBT) (CBBT)

[Brock993]

You could be right, but I think the company wants to over deliver on this one and what better way to announce the acquisition is finalized. This is just my opinion but I think we get the party started next week. Glta

[amc]

Payments are normally made at the close of a transaction.

[Jack Torrance]

Your understanding of the most recent PR is way off. When you issue shares and pay off a companies debt, the deal is done. That means everything has already been negotiated and thus a contract was signed. If a contract is signed, and money was paid, and shares were granted ... that means the deal is done. All that remains at that point is for the company to file and issue a PR, which is likely coming very soon.

[x-ray-eyes]

The Share Agreement was signed on 02/12, the Terms are:

33.47 Million Shares of CBBT stock and paying most of PKG's liabilities, except the final 1.61 Million to write against future revenues.

As of the PR date, CBBT already paid $1,275,000 towards the debt, of which $3.91 Million remains. Once the $3.91 Million is paid, the acquisition is finalized as terms are met.

The company said the remaining balance will be paid on or before 05/05. I expect a PR after the final clause is satisfied, which should be next week.

imo