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Ann: Creso Pharma & Red Light Holland to Merge, page-67

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7,901 Posts.

2080

17/06/21

16:57

Post #: 53906192
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Originally posted by edwardc: ↑

to those who missed my earlier posts.,.

Officers, directors and certain Creso Pharma Shareholders, who collectively hold 15.31% of the Creso Pharma Shares on issue and 73.03% of the Creso Pharma Listed Options on issue have provided voting intention statements in support of the Scheme and Option Scheme, respectively. Officers, directors and certain Red Light Holland Shareholders who collectively hold approximately 5% of the issued and outstanding Red Light Holland Shares, have entered into voting support agreements in favour of the transaction.

as mentioned before, Everblu executes corporate restructuring to near perfection...

Upon implementation of the Scheme and the Option Scheme (together, the "Schemes"), it is expected that the former Creso Pharma securityholders will own approximately 57.4% of the pro forma issued and outstanding Red Light Holland Shares, resulting in a reverse takeover of Red Light Holland by the Creso Pharma security holders. If im reading this deal correctly, after this scheme.. these "officers, directors and certain CPH shareholders" are still in control of the entity.

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Ugly stuff.

There's always a lesson to be taken away.

CPH Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
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