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Ann: CardieX Update on the Acquisition of 50.5% of inHealth, page-83

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birdchirp

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24/06/19

14:50

Post #: 39209107
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Originally posted by oke: ↑

CardieX has exercised in full its option under the Agreement to purchase US$3,000,000 of inHealth’s “Tranche 2” Convertible Note securities (which notesshall be convertible by CardieX into such number of shares of inHealth Common Stock as shall equal an additional 33.33% of Ownership).
CardieX has exercised in full its right to convert its “Tranche 1” US$250,000Convertible Note securities due as of 31 January 2019 (US Pacific Standard Time) into such number of shares of inHealth common stock as shall equal 7.70% of the post-conversion equity and equity-equivalent securities of inHealth on a fully-diluted basis.
If or when the Tranche 2 Convertible Note securities are exercised in full, CardieX shall possess and control 41.03% of Ownership of inHealth post-exercise.
Don't think so,, from what I make of this extract from Feb1 announcement,, its still just Cardiex with 7% of inHealth for some reason. if it was that that good we would surely have had Tranche 2 exercised.
Anybody ?

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they have handed over the money but have not asked for the shares (equity) yet.
CDX Price at posting: 2.9¢ Sentiment: None Disclosure: Held
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Ann: CardieX Update on the Acquisition of 50.5% of inHealth, page-83

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Ann: CardieX Update on the Acquisition of 50.5% of inHealth, page-83

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