Getting back to the announcement. A couple of observations.
1. In the event of a takeover, the vendor only gets 10% of their remaining shares. So to fully dilute the incoming shares maybe immature.
2. The lock box reduces any move to drain cash or load up debt.
3. Change of name, shows where the focus is going.
4. Vendor shares issued to one entity. can see if any changes.
There is more coming with this company.
Ann: Notice of General Meeting/Proxy Form, page-11
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