(Total Views: 374)
Posted On: 01/15/2019 11:33:18 AM
Post# of 32992
I share your sentiment and agree that this is how the plan will unfold. There are many indicators suggesting so.
Given the Instapage announcement, it seemed to suggst that Rory will continue to release news as it's ready regardless of the exchange.
The merger agreement filing states that SC receives the RIGHT to those considerations, however doesn't explicitly say it needs to be paid at the close.
Additionally, the company has to maintain NASDAQ equity standard of 5 million and fund operations so it would only make sense for a delayed payment to SC. Nonetheless, I think they will receive a down payment and the stock portion of the deal. Also dependant on 20 mill vs 25 mill capital raise. The extra 5 mil would give them a lot more flexibility. Yet to be seen on that front.
I tried to get some specifics on these items from Valter but he gave some very nonspecific answers, which was expected. Rory and team have foreshadowed but not broadcast this execution plan, leaving it intentionally vague.
Given the Instapage announcement, it seemed to suggst that Rory will continue to release news as it's ready regardless of the exchange.
The merger agreement filing states that SC receives the RIGHT to those considerations, however doesn't explicitly say it needs to be paid at the close.
Additionally, the company has to maintain NASDAQ equity standard of 5 million and fund operations so it would only make sense for a delayed payment to SC. Nonetheless, I think they will receive a down payment and the stock portion of the deal. Also dependant on 20 mill vs 25 mill capital raise. The extra 5 mil would give them a lot more flexibility. Yet to be seen on that front.
I tried to get some specifics on these items from Valter but he gave some very nonspecific answers, which was expected. Rory and team have foreshadowed but not broadcast this execution plan, leaving it intentionally vague.
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