Not too fazed what happened in the past as can't fix or change but need to make sure near term plan for relist and ownership is achievable.
So, we now hold 50.1%+ and controlling interest in WBT which allowed the WBT BOD swap for more NXR aligned BOD.
NXR need 100% ownership firstly to effect a step towards relist and have the original agreement to purchase WBT.
NXR has paid $x so far towards total purchase price (although impaired) but is there a possibility to issue equity in NXR to WBT to payout the remaining balance and take 100% ownership?
I'd need to do some calcs but could be around 187m shares @ 0.02 which would incr NXR SOI to about only 440m still. That was working quickly on still owing some 3.75m to finalise purch so could b wrong atm.
By doing this all the WBT SHs are now aligned as well to NXR being successful with WBT tech under one real entity.
Add to the above that cash needs to also be raised to meet relist rules so more dilution to a point as well I guess depending what raise at.
The crux here is that NXR cash strapped, WBT some 300k left to enhance & prove up the tech to a point to attract some commercial interest.
If the tech is viable then is the above purchase structure viable also to bring both needs to a successful conclusion around same time?
NXR Price at posting:
2.0¢ Sentiment: None Disclosure: Held