Agreed, on what stratus plans to do. We talked about that many times. It would not make sense for them to come in and unload at this price point. Its not going to get much. There smdi stock a few thousand could get so much more. It seems like that paragraph keeps it open for anything...as they mention dividends as well.
Another thing is Stratus wants PELE filings fully updated and current. I would think if they were going to mass dump just leave it. Why be concerned with recent filings?
Closing of the purchase of the Preferred Shares is subject to certain conditions including confirmation reasonable satisfactory to SMGI that the financial records of the Company are such that they will enable the Company to become current in its filings with the Securities and Exchange Commission without undue expense and that SMGI will be able to timely file by amendment the Company’s financial statements as required under Form 8-K.
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