What is true about the the merger is that SC will
Post# of 32635
Which leads my back to my other conclusion about the capital raise being done after the merger/acquisition has taken place. NFUSZ is making a 2.5 million down payment and paying the rest later. This is by far the best arrangement for shareholders. The 8K pretty much makes it clear how this will play out. As Rory stated in his LD Interview, the market doesn't get it yet that the market cap will double for this company. They are buying a company but not paying for it upfront. This really was a brilliant move and protects the long term share holders well!
Quote:
Pursuant to the Merger Agreement, at or prior to the closing of the Sound Concepts Acquisition (the “Closing”), Sound Concepts will deliver to us an executed
escrow agreement (the “Escrow Agreement”). In accordance with the Escrow Agreement, at the Closing, we will deposit that number of shares of our Common
Stock obtained by dividing $2,500,000 by the price of our Common Stock at the Closing pursuant to the terms of the Merger Agreement (the “Escrow Shares”)
with the escrow agent for the purpose of securing the indemnification obligations of the Shareholders set forth in the Merger Agreement.