Just listened to the webcast again. NP said curre
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Posted On: 09/14/2019 4:46:20 AM
Just listened to the webcast again.
NP said current way of funding (shares + warrants) has been shut down.
Funding is secured and we’ll hear about it next week.
Is that correct?
NP told of plans to (up)list on Nasdaq and/or Hong Kong.
HK and funding makes me think that the Chinese party that wanted to invest earlier on (but got rejected by Cydy) is in play again.
I recall that Chinese party was interested in investing 20 million $ (and in one of the interviews/cc’s said what they offered was fair, but that could have been used by NP just to increase chances of the tender offer to succeed).
I think NP expected more from the tender offers (and the last equity raise) and turned the Chinese offer down.
NP finally realized the shares + warrants route is bad for the share price and probably has thought over the Chines offer again.
(The Chinese party knowing what they know now, might have improved their offer and got back to NP)
I’m only speculating here, just my two cents, but I do believe a Chinese party will take up the new equity raise in full. It will be at least enough till the end of year. We’ll hear about it very soon. If true, Cydy is going to list on the HK exchange.
(That Chinese party is currently controlling our share price imo thus increasing chances of their offer getting accepted).
NP said current way of funding (shares + warrants) has been shut down.
Funding is secured and we’ll hear about it next week.
Is that correct?
NP told of plans to (up)list on Nasdaq and/or Hong Kong.
HK and funding makes me think that the Chinese party that wanted to invest earlier on (but got rejected by Cydy) is in play again.
I recall that Chinese party was interested in investing 20 million $ (and in one of the interviews/cc’s said what they offered was fair, but that could have been used by NP just to increase chances of the tender offer to succeed).
I think NP expected more from the tender offers (and the last equity raise) and turned the Chinese offer down.
NP finally realized the shares + warrants route is bad for the share price and probably has thought over the Chines offer again.
(The Chinese party knowing what they know now, might have improved their offer and got back to NP)
I’m only speculating here, just my two cents, but I do believe a Chinese party will take up the new equity raise in full. It will be at least enough till the end of year. We’ll hear about it very soon. If true, Cydy is going to list on the HK exchange.
(That Chinese party is currently controlling our share price imo thus increasing chances of their offer getting accepted).
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