Replies to post #58307 on Rimrock Gold Corp (RMRK)

[drugmanrx]

Thank you for the response. I appreciate it.

[BeamMeUpScotty]

So an I correct that after reading your post that the preferred shares which are being issued for the transaction are locked for a year after they are issued

And

That if they wanted to convert the preferred shares after that year that after the initial request after the one year lock up period, it would take another year to convert them

So

That effectively means that it would take two years to convert those preferred shares issued to complete the deal into common free trading shares? So we’re talking about those shares being tradable some time after June 2025?

[Sly1969]

Thanks alot. Great explanation

[Pattt]

Everyone should read this. Thank you Dempsey, important DD!

[TheRealMrPirate]

The terms have to be in writing in a filing. Any insider is usually 6 months from the issued date before they can be sold / converted / etc.

[areeb.abdu]

Amazing!!! Can’t wait for Monday.