The binding LOI now opens the door for the company to move forward with more options. Here's a few possibilities...
1. Investor(s) step forward that have been waiting in the wings for months for the binding LOI to be finalized and invest the minimum required.
2. Partner with another company giving up a percentage of one or more of their three wholly-owned subsidiary for an upfront and milestone payments.
3. The company could sell any of their three wholly-owned subsidiary, raise enough money to pay off the outstanding debt and uplist.
4. Company could merge with another as a path to uplifting.
Couple of obvious points:
- No one was going to touch this until an agreement was put in place. The sp reflects this and why it's been extremely undervalued to date far under the asset value.
- Whatever the plan is, it must have been solid enough to get the signatures on the binding LOI and for them to wait this long. I'm just a stupid investor, but I assume one or more of them are a lot smarter, not easily manipulated, in this to make money and not here to stretch it out longer.
1. Investor(s) step forward that have been waiting in the wings for months for the binding LOI to be finalized and invest the minimum required.
2. Partner with another company giving up a percentage of one or more of their three wholly-owned subsidiary for an upfront and milestone payments.
3. The company could sell any of their three wholly-owned subsidiary, raise enough money to pay off the outstanding debt and uplist.
4. Company could merge with another as a path to uplifting.
Couple of obvious points:
- No one was going to touch this until an agreement was put in place. The sp reflects this and why it's been extremely undervalued to date far under the asset value.
- Whatever the plan is, it must have been solid enough to get the signatures on the binding LOI and for them to wait this long. I'm just a stupid investor, but I assume one or more of them are a lot smarter, not easily manipulated, in this to make money and not here to stretch it out longer.
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