If the vote is NO? Do the Pivacs get to walk away paying 1.5 cents per share and get to keep all of them? and/or the loan is forgiven.
To me that is the risk and justification if the vote is NO. So in my best interest, I should be voting YES
Obviously the Pivac's want the extension, So they can purchase the shares at 4.5 whilst the share price is much higher than what they pay.
Resolution 5 & 6 - Extension of loan and escrow period, page-9
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