Replies to post #11192 on CBD Denver Inc (CBDD)

[downsideup]

There isn't a merger agreement with HMIT.

The merger agreement with Genesis and Mateo says they can't change their businesses prior to completion of the merger, so, there can't and won't be one until after the Genesis/Mateo deal is done. When the Genesis/Mateo deal is done, IF they do a merger or buyout of HMIT, it will not be HMIT that is the dominant party in doing the deal. Given the terms you see in the deal that is on the table now, you don't have a reason to expect HMIT will get more than 10% of any deal ?

They could have accomplished roughly the same thing with a 10:1 reverse split... but, it wouldn't have given them the OTC trading shell. They also could have done what they are, with HMIT doing the deal with Genesis instead of Mateo... and then there wouldn't be the degree of dilution there is, or the massive transfer of value from shareholders to Klok.

I said I'd hang out to see the terms of the deal... well, there are the terms of the deal that matter... value transfer from shareholders to Klok, paid for with convertibles. HMIT is dead... GCNV is the new focus.