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seekinganswers

01/04/26 9:26 AM

#806813 RE: learningcurve2020 #806812

I find that hard to believe. Advent leased the space at Unity prior to the "purchase", so it should be part of the whole. If advent was broken up before the NWBO purchase, that would be an earth shattering event and could lead to SEC action and possible shareholder suits.
The most likely scenario, in my opinion , is that LP expanded Advent too fast (with that lease) and realized the losses were unsustainable for Toucan to take on alone. So she then put it into a public vehicle where shareholders would take on the burden of the losses via stock offerings in the future. Hence the 900 million new shares. Just opining here but only one person could clear this all up, but chooses to go the clandestine route.
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exwannabe

01/04/26 10:12 AM

#806823 RE: learningcurve2020 #806812

I am not asserting it is a fact, but as a legit possibility.

The lease would be a required disclosure in the upcoming 10-K, (if not disclosed in an 8-K with financials next week if "significant").

BTW, on the significance test, the picture has changed substantial as it is an accounting text on the last financials.

Per the 2024 financials the asset test no longer meet the 20% level. But now the income (loss) is over 20%. Still a lot of fuz possible so we will see what they decided soon.