@Mmj614 @EthanTremblay @DD_Bae @ED9875 I follow the 5% point. Is it standard in a SEDA to have no constraint on immediate reselling? Also I read that YA represented that they were investing in the company, effectively that they wouldn’t flip, but that doesn’t sit well with the 5% limit and $150m. And who is going to sue them for misrepresentation. I’m a bit confused. It smacks of a lose/lose as you say. I’ll see if any bulls can help me out. I did ask Tony a month back but I’m still waiting. Guess the answer might come when the ball caps come...
@InAChinaShop @EthanTremblay @DD_Bae @ED9875 To say they wouldn’t flip would make the entire SEDA for $150m pointless. If they have to stay under the 4.9% cap they couldn’t get more than $10m..based on the OS. So if they sell or flip those shares out they get back under the threshold to be able to disperse more cash. This is not a hard concept to understand and not sure why it’s being defended.. they have to flip shares out to the market. The coordination with IDEX and pumping like yesterday should be investigated IMO.