https://www.otcmarkets.com/filing/html?id=13561374
Post# of 876
(Total Views: 622)
Posted On: 07/31/2019 9:51:51 PM
https://www.otcmarkets.com/filing/html?id=135...aUP5E7VPyh
nothing to worry about- provision for allowing an increase in shares has been waiting ever since WOLV made an agreement with Dr Chalk to issue him 400M shares when he invests 1/3 of the proceeds from the sale of his 15% share in DZ-an agreement with Dr Chalk which could not be realized without making provision which would allow such -as WOLV has noted for a long time
by raising max potential number of shares WOLV can formalize the agreement w Dr Chalk in prep for fulfilling the actual agreement when Chalk gives WOLV 1/3 of his proceeds from the sale of his DZ stock -which will finance WOLV's plans
from page 13
"On April 19, 2016, Wolverine entered into a Share Purchase Agreement (the “ Share Purchase Agreement ”) with our Director, David Chalk, pursuant to which we have agreed to issue in a private placement 400,000,000 shares of our common stock in consideration for one-third of the net proceeds that Mr. Chalk may realize from the sale of Mr. Chalk’s 15% equity interest in Decision-Zone Inc., a privately held cyber-security software company based in Ontario, Canada. The Agreement is subject to our Company increasing its authorized capital to allow for the issuance of the consideration shares. As of the date of this filing, the Share Purchase Agreement has not yet closed and the Company wishes to proceed with the transaction."
So i took this as a potentially positive sign that WOLV may anticipate the resolution of Dr Chalks battle w DZ and compensation from DZ for his 15% share in DZ- which would be be a forward looking move by DZ- to pay out millions to Chalk now rather than 10's of millions later when the tech is commercialized -plus DZ's failure to resolve this would hinder their ability to sell DZ to a major tech company
but i guess this was all too complicated for some investors to figure out,as pps fell last 2 days
nothing to worry about- provision for allowing an increase in shares has been waiting ever since WOLV made an agreement with Dr Chalk to issue him 400M shares when he invests 1/3 of the proceeds from the sale of his 15% share in DZ-an agreement with Dr Chalk which could not be realized without making provision which would allow such -as WOLV has noted for a long time
by raising max potential number of shares WOLV can formalize the agreement w Dr Chalk in prep for fulfilling the actual agreement when Chalk gives WOLV 1/3 of his proceeds from the sale of his DZ stock -which will finance WOLV's plans
from page 13
"On April 19, 2016, Wolverine entered into a Share Purchase Agreement (the “ Share Purchase Agreement ”) with our Director, David Chalk, pursuant to which we have agreed to issue in a private placement 400,000,000 shares of our common stock in consideration for one-third of the net proceeds that Mr. Chalk may realize from the sale of Mr. Chalk’s 15% equity interest in Decision-Zone Inc., a privately held cyber-security software company based in Ontario, Canada. The Agreement is subject to our Company increasing its authorized capital to allow for the issuance of the consideration shares. As of the date of this filing, the Share Purchase Agreement has not yet closed and the Company wishes to proceed with the transaction."
So i took this as a potentially positive sign that WOLV may anticipate the resolution of Dr Chalks battle w DZ and compensation from DZ for his 15% share in DZ- which would be be a forward looking move by DZ- to pay out millions to Chalk now rather than 10's of millions later when the tech is commercialized -plus DZ's failure to resolve this would hinder their ability to sell DZ to a major tech company
but i guess this was all too complicated for some investors to figure out,as pps fell last 2 days
(0)
(0)